The United Arab Emirates will leave OPEC next month, potentially altering global oil supply dynamics and price stability. The United Arab Emirates announced its departure from OPEC effective May 1, 2026, marking a significant shift for the 66-year-old oil cartel. OPEC, fou
May production of 1.722 million barrels per day exceeds official projections despite a decline from April peaks. Norway’s crude oil production surpassed government forecasts by 7.2% in May, averaging 1.722 million barrels per day. The figure marks a pullback from April’s r
Oil prices fall over 3% as 20 million barrels exit the Strait of Hormuz following a temporary US-Iran agreement. West Texas Intermediate crude fell to $70.20 per barrel, its lowest since early March, as shipping through the Strait of Hormuz normalizes. The decline erases m
Wall Street's main averages were higher on Wednesday as technology stocks regained momentum after a deep selloff and oil prices were lower. Investors awaited Micron Technology's (MU) earnings results The benchmark S&P 500 (SP500) was last +0.6%, while the Nasdaq Com
Russia should require its oil companies to refine at least 30% of their crude domestically to ease the fuel supply crunch, according to Igor Sechin, chief executive of Russia’s state-controlled firm Rosneft, which is the biggest oil producer in the country. Sechin sent a l
Quick Read - Trump ordered a DOJ probe after crude fell 20% but retail gas prices dropped only 14%, with consumer gasoline spending hitting $531 billion in April. - The price gap reflects normal inventory lag, as refiners are still burning expensive crude bought during the...
Crude oil inventories in the United States decreased by 6.1 million barrels during the week ending June 19, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday The decrease brings commercial stockpiles to 412.1 million b
The bank assigns a 60% probability to equities rising over 12 months but urges preparation for multiple economic scenarios. UBS recommends investors build resilient portfolios to navigate policy and geopolitical uncertainty, prioritizing adaptability over predictions. Its
The price of Brent (BZ=F) oil futures fell below $75 per barrel Wednesday for the first time since the Iran war began. The decline came after United States and Iran signed an initial agreement to end the conflict and reopen the Strait of Hormuz last week The Brent c
Weekly crude inventories fell by 6088K barrels, exceeding the expected 4461K draw and signaling stronger demand. US crude oil inventories declined by 6088K barrels in the latest week, surpassing the 4461K draw analysts had anticipated. The larger-than-expected reduction su
ادخل بحساب جوجل لمشاركة رأيك والتفاعل مع الأخبار — بلا كلمة مرور.
إيميلك يبقى موثّقاً وخصوصيتك محفوظة.