NEW DELHI: Oil-producing group OPEC+ Sunday approved another modest increase of 188,000 barrels per day (bpd)…
Tag: global oil supply
Strait of Hormuz closure: Why high oil prices may be a temporary shock only – explained
The disruption has resulted in a temporary supply bottleneck driven by logistics issues rather than a…
Oil Prices: Oil prices today: Crude rises as doubts grow over US-Iran peace talks, Hormuz tensions persist
Oil prices climbed on Friday as investors remained uncertain about the prospects of a breakthrough in…
Oil prices today: Crude slips after three-day rally as markets track Iran ceasefire and Donald Trump-Xi Jinping summit
Oil prices edged lower on Wednesday after posting gains for three straight sessions, as investors closely…
Heavy blow for oil exporting groups! UAE to exit OPEC, OPEC+ amid Strait of Hormuz disruptions: What it means
Collectively, OPEC nations account for roughly 36 per cent of global oil output. (AI image) In…
Strait Of Hormuz: Middle East on edge again: Two ships attacked in Strait of Hormuz
Middle East on edge again: Two ships attacked in Strait of Hormuz Two vessels came under…
Russia, China veto UN resolution to reopen Strait of Hormuz
Image used for representative purposes Russia and China on Tuesday vetoed a United Nations Security Council…
‘Iran has asked for ceasefire’: Trump claims new regime ‘less radical’, says no deal till Hormuz is free
US President Donald Trump on Wednesday claimed that Iran has approached Washington seeking a “ceasefire” stating…