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

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

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

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

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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 ...

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 ...

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

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

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

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

On a weekly basis, both benchmarks were set to gain more than 9% - the most in a single week since the Organisation of the ...