The United Arab Emirates has not directed at anyone its decision to leave OPEC and the broader OPEC+ alliance, Sultan al Jaber, the chief executive of Abu Dhabi’s national oil company ADNOC, said on Monday. “The United Arab Emirates' sovereign decision to reposition itself...
I would be interested to see the math on Bessent's calculation on how many barrels are missing. I would be interested to see the math on Bessent's calculation on how many barrels are missing. The outlines of it are usually that 20 mbpd goes through the Strait of Hormuz dai
UAE quits OPEC: The cartel’s grip on Oil just weakened The UAE’s decision to leave OPEC is more than a policy shift. UAE quits OPEC: The cartel’s grip on Oil just weakened The UAE’s decision to leave OPEC is more than a policy shift. It is a signal that one of the cartel’s
Oil prices rallied again on Monday morning after Iran’s Fars news agency reported that two missiles struck a U.S. Oil prices rallied again on Monday morning after Iran’s Fars news agency reported that two missiles struck a U.S. Navy vessel near Jask Island on the Gulf of O
Brent: Higher prices needed as Hormuz stays shut – OCBC OCBC strategists Sim Moh Siong and Christopher Wong highlight that Brent briefly topped USD126 as the Strait of Hormuz closure and inventory drawdowns tightened supply, but optimism on a US–Iran deal has recently weighed...<
The UAE is out with a statement condemning the attack as one of its ADNOC crude oil tanker was targeted by two Iranian drones off the coast of Oman. The UAE is out with a statement condemning the attack as one of its ADNOC crude oil tanker was targeted by two Iranian drone
Elevated oil prices for a sustained period of time would tip the global economy into a recession, Moody’s Analytics’ head of international economics, Gaurav Ganguly, told CNBC, pegging the game-changing price at $125 per barrel of Brent crude. Elevated oil prices for a sus
WTI Oil rises towards $100 after Trump vows to free Hormuz ships Crude prices appreciate again on Monday despite US President Donald Trump’s pledge to rescue Hormuz vessels. WTI Oil rises towards $100 after Trump vows to free Hormuz ships Crude prices appreciate again on M
Crude prices appreciate again on Monday despite US President Donald Trump’s pledge to rescue Hormuz vessels. Crude prices appreciate again on Monday despite US President Donald Trump’s pledge to rescue Hormuz vessels. The US benchmark West Texas Intermediate (WTI) barrel t
A Russian tanker carrying crude from Sakhalin Island is set to arrive in Japan today in the latest sign energy-strapped importers are intent on securing any supply they can find, even from sanctioned suppliers. A Russian tanker carrying crude from Sakhalin Island is set to