The United States has announced its position as the world’s top oil producer, with an output of 13.5 million barrels per day. At the same time, former President Donald Trump…
The European Union imposed new sanctions on Russia today, Wednesday. The sanctions target the fleet of aging tankers known as “shadow” vessels, which Moscow uses to circumvent Western restrictions on…
Oil prices dropped by nearly 2% on Monday after Axios reported that a senior unnamed U.S. official stated that “Israel and Lebanon have agreed on terms to end the conflict…
The OPEC Plus group, which includes Saudi Arabia and Russia, has announced the extension of oil production cuts until the end of December, hindering the possibility of price declines. This…
Osama Hamad, the head of the government appointed by the House of Representatives, stated today, Thursday, that the state of force majeure has been lifted from all oil fields and…
Bloomberg has reported that Egypt and Turkey are working to pressure the interim Government of National Unity and the government appointed by the House of Representatives to reach an agreement…
Crude prices fell after weak economic data from the United States and China dampened demand expectations and negative signals dominated global markets. Crude oil prices fell for the second consecutive…
Oil output cuts agreed by the OPEC+ group will take time to kick in, the Kremlin said on Tuesday, as it confirmed that President Vladimir Putin would visit the United…