The rise in oil prices added to inflation concerns. Oil prices rose more than 1% on…
Tag: global oil supply
Houthi drone attack: Saudi oil stocks could run dry within days if key pipeline remains shut
(Representative image): Saudi Arabia told OPEC that its output fell to 6.2 million barrels per day…
Oil prices jump over 2%: Brent tops $107 as fresh Saudi, Strait of Hormuz strikes fuel supply fears
Oil prices rose more than 2% on Monday as fresh Houthi attacks on Saudi Arabia and…
Oil prices today: Brent holds above $100 as Iran-US attacks threaten deeper supply disruption
Oil prices extended gains on Thursday, with Brent holding above $100 a barrel as escalating Iran-US…
More crude likely in market soon as OPEC+ clears hike of 188,000 barrels per day for August | India News
NEW DELHI: Oil-producing group OPEC+ Sunday approved another modest increase of 188,000 barrels per day (bpd)…
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…