OPEC said it expected the global economy to remain resilient in the second half of this year and trimmed its forecast for ...

Deadly strikes have escalated once again in the Middle East, bringing with them fears of a different kind, expressed by the oil markets: Will Iran still be able to extract its oil at the expected rate ...

The Arab Coordination Group (ACG) extended US$19.6 billion collectively to fund nearly 650 operations in more than 90 countries in 2024. This significant financing was geared towards developing ...

As Israel and Iran attack each other with missiles, Tel Aviv is targeting especially vital energy infrastructure of its arch ...

The ongoing conflict has revived worries about the security of Middle East oil shipments, particularly those passing through the Strait of Hormuz, a crucial chokepoint for energy exports.

OPEC Sees Lower Supply Growth From Rivals, Keeps Demand Outlook Steady The Organization of the Petroleum Exporting Countries trimmed next year's forecast for supply growth from the U.S. and other ...

There is also a supply squeeze risk, with speculative funds sharply increasing short positions just as inventories start declining, ANZ writes. Aluminum's recent rally was sparked by the doubling of U ...

The initial round of Israeli attacks sent oil prices 7 percent higher on Friday. Still, at about $74 a barrel, Brent crude ...

The Organisation of Petroleum Exporting Countries and its allies (OPEC+) recorded a decline in crude oil output in May 2025, ...

On Friday, oil prices surged more than they have in three years. Iran, the third biggest OPEC producer (despite US sanctions) ...

Brent crude oil futures rose 0.82% to $74.84 a barrel, while US West Texas Intermediate crude futures gained 0.99% to $73.70.

Opec has maintained its 2025 forecast for global oil demand growth at 1.3 million barrels per day despite Israel’s targeting of oil and gas facilities in Iran. The oil producer’s group did not refer ...