An about 20% rise in the global price of a barrel of oil is predicted if Israel launches missile attacks against Iranian oil ...

Nigeria continues to struggle to meet its OPEC’s quota as its crude oil production fell by 40,000 barrels per day ...

Analysts believe that a major supply disruption, such as the closure of the Strait of Hormuz, remains unlikely.

OPEC+ has enough spare oil production capacity to offset any supply shocks from Iran if tensions escalate further.

While Iran can export 1.7 million barrels, Saudi Arabia, alone, has been able to increase production by three million barrels per day. President Joe Biden stated he was opposed to strikes on Tehran’s ...

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OPEC+ - comprised of the Organization of the Petroleum Exporting Countries and its allies - was already preparing to lift output in less than two months. The group has plans to gradually faze out ...

The question of the path of crude prices from now on will largely depend on Israel's response to the Iranian attack ...

Oil prices recorded a 9% weekly gain amid escalating conflict in the Middle East, with Brent crude nearing $80 per barrel, ...

Oil prices rose further on Friday and were on track for strong weekly gains as investors weighed the prospect of a wider ...

Canola growers are not likely to be huge beneficiaries of rising crude oil prices caused by mounting tensions in the Middle ...

Oil prices rose on Friday and settled with their biggest weekly gains in over a year on the mounting threat of a region-wide ...