The overthrow of the Syrian regime disrupts Iranian oil deliveries, crucial for local energy supply. The cessation of this source highlights the growing energy challenges in the region.
The overthrow of the Syrian regime disrupts Iranian oil deliveries, crucial for local energy supply. The cessation of this source highlights the growing energy challenges in the region.
Despite internal disagreements, OPEC+ decided to maintain its production cuts until March 2025, extending their gradual removal to avoid a price drop in an uncertain market environment.
Despite internal disagreements, OPEC+ decided to maintain its production cuts until March 2025, extending their gradual removal to avoid a price drop in an uncertain market environment.
Saudi Arabia may lower its oil prices for Asian markets in January, a potential strategy to respond to weak demand and growing regional competition. A decision still pending confirmation.
Saudi Arabia may lower its oil prices for Asian markets in January, a potential strategy to respond to weak demand and growing regional competition. A decision still pending confirmation.
The Trump administration considers sanctions against Iraq to limit Iranian influence. These measures could redefine the geopolitical and economic dynamics of the global energy market.
The Trump administration considers sanctions against Iraq to limit Iranian influence. These measures could redefine the geopolitical and economic dynamics of the global energy market.
Saudi, Russian, and Iraqi ministers met in Baghdad to discuss production quotas and oil market stability ahead of the crucial OPEC+ meeting scheduled for December 1.
Saudi, Russian, and Iraqi ministers met in Baghdad to discuss production quotas and oil market stability ahead of the crucial OPEC+ meeting scheduled for December 1.
Despite commitments to OPEC+ to limit production, the United Arab Emirates shows oil export volumes well above quotas. This situation raises questions and rekindles tensions within the cartel.
Despite commitments to OPEC+ to limit production, the United Arab Emirates shows oil export volumes well above quotas. This situation raises questions and rekindles tensions within the cartel.
Russia and Iraq strengthen their cooperation within OPEC+ to manage oil price fluctuations. This coordination is crucial for their respective budgets amidst sanctions and heavy reliance on oil revenues.
Russia and Iraq strengthen their cooperation within OPEC+ to manage oil price fluctuations. This coordination is crucial for their respective budgets amidst sanctions and heavy reliance on oil revenues.
OPEC+ recorded an increase of 30,000 barrels per day in October, marked by Libya’s production surge and Kazakhstan’s reduction. Compliance remains a key challenge for the group.
OPEC+ recorded an increase of 30,000 barrels per day in October, marked by Libya’s production surge and Kazakhstan’s reduction. Compliance remains a key challenge for the group.
