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Oil prices are climbing because a new battle for global market share is brewing
Here’s why oil prices are climbing to their highest levels in two weeks, despite a group of oil producers agreeing to open the floodgates of global crude supply.
Oil edges up to two-week high on lower US output forecast, renewed Red Sea attacks
Oil prices edged up to a two-week high on Tuesday on forecasts for less U.S. oil production, renewed Houthi attacks on shipping in the Red Sea, worries about U.S. tariffs on copper and technical short ...
Russia’s Crude Production Stayed Below OPEC+ Target in June
Russia’s oil data show crude output was below its OPEC+ target in June, according to people familiar with the figures.
OilPrice.com12h
Oil Markets Brush Off the OPEC+ Production Push
Oil markets have largely ignored the overtly aggressive production policy of OPEC+, with geopolitical fears keeping Brent ...
The Institute for Energy Research12hOpinion
American and Canadian Crude is Responsible for Price Stabilization as the Middle East Remains Volatile
Fueling The Conversation, Week of July 7th, 2025 Rumblings of another Middle East situation have grabbed headlines over the ...
EIA Lifts Near-Term Crude Price Estimates on Middle-East Conflict
The agency cut its 2026 Brent price estimate to $58 a barrel from $59 previously. The EIA sees West Texas Intermediate crude, the U.S. benchmark, averaging $65 a barrel this year and $55 in 2026, ...
OilPrice.com22h
Saudi Arabia’s Crude Oil Exports Jumped by 400,000 Bpd in April
Saudi Arabia’s crude exports and production rose sharply in April as OPEC+ accelerated plans to unwind its oil output cuts, ...