As the U.S. and Iran fight for dominance in the Strait of Hormuz, U.S. gas prices are continuing to rise—and production might not keep up

The conflict could certainly severely disrupt global oil supplies and send barrel prices soaring to a level not seen in years. As a fresh Middle East conflict risks sending oil prices sharply higher, Saudi Arabia, Russia and six other key members of the ...

In a largely symbolic move, the OPEC+ nations announced Sunday that they would slightly increase crude production in June, as the war with Iran continues to stifle the world’s supply of oil.

Saudi Arabia, Russia, and five other OPEC members increased their oil production quota by 188,000 barrels per day, despite the UAE's recent withdrawal. Analysts suggest this move aims to project stability amid ongoing market disruptions from the Mideast conflict.

Seven oil-producing nations in OPEC+ — including Saudi Arabia and Russia — say they've agreed to a modest output increase in June for 'market stability.'

The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.

BISMARCK – North Dakota produced 1.129 million barrels of oil a day in February, a slight increase from January’s production of 1.125 million barrels of oil a day. Natural gas production also had a slight increase with February’s production at 3.