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Markets 4 months ago
OPEC+ hikes oil production quotas but stays mum on UAE pull-out
Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.
Markets 5 months ago
Iran's huge Gulf gas field is struck in major escalation
Iran's huge Pars gas field was hit on Wednesday in the first reported strikes on Iranian energy infrastructure in the Gulf during the US-Israeli war, a major escalation that prompted Tehran to warn its neighbors to evacuate their energy installations.
Markets 5 months ago
IEA head says more oil stocks can be released if necessary
International Energy Agency chief Fatih Birol said Monday more strategic oil stocks could be released if necessary to limit the fallout of from the near complete blockage of supplies through the Strait of Hormuz owing to the war on Iran.
Markets 6 months ago
Fire at UAE oil hub as Iran vows retaliation for US attack on Kharg Island
Iran warned it could target United States "hideouts" in the United Arab Emirates as a major UAE energy hub suffered disruption after a drone attack on Saturday, and US President Donald Trump said "many countries" would send warships to the region.
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