Iran plans oil output boost to 4m barrels/day
Iran's has greenlit a strategy aimed at boosting its daily oil production to 4 million barrels per day (bpd),…
Browsing Tag
the Organization of the Petroleum Exporting Countries’ (OPEC+)
IEA trims global oil demand outlook
The International Energy Agency (IEA) reported a softening outlook for global oil demand growth this year,…
Oil sees slight decline on Wednesday’s opening
Oil saw a slight decline, with attention focused on Israel's potential response to Iran's recent attack over the…
OPEC+ keeps output policy unchanged
OPEC+ ministers kept output policy unchanged due to the oil market aligning with the group's preferences,…
Asian stocks mixed on Monday
Chinese shares led a rally in most of Asia on Monday amid a positive global economic outlook, while Japanese shares…
Oil pushed up by strong demand in early Wednesday trade
Expected strong global demand pushed oil prices up, notably in the United States despite ongoing concerns about its…
Oil declines further in early Monday trade
Oil fell on Monday due to concerns about sluggish demand in China, despite geopolitical tensions in the Middle East…
Oil falls early Thursday amid large US crude stockpiles
Oil prices fell on Thursday, following a greater-than-expected increase in U.S. crude inventories, which raised…
China, U.S. spearhead global efforts to replenish low oil stocks
Analysts and traders anticipate that a push to replenish depleted oil stocks in China, the United States, and…
Oil rises ahead of new economic data
Oil prices increased slightly as traders anticipated the Organization of the Petroleum Exporting Countries' (OPEC+)…