HIGHLIGHTS Current OPEC+ supply agreement ends in September Quotas will need renegotiating, with credibility at stake Ministers to meet June 2 to set July production targets Come September, OPEC’s oil market management pact with Russia […]
Iran said its export revenues from oil and gas have jumped 60% year-on-year, with Russia’s war in Ukraine pushing up prices. Despite the tough sanctions on the country, Iran has generated $2.45 billion from exports […]
While the stock market and bond markets have crashed over the last two months, the dollar has gone from strength to strength thanks to its status as a global safe haven. The U.S. dollar and […]
(Bloomberg) — Iranian forces seized two Greek oil tankers in the Persian Gulf in apparent retaliation for the detention of vessel off the coast of Greece. The Greek ships were seized by the Islamic Revolutionary […]
Saudi Arabia’s oil exports reached $30 billion in March, the highest in at least six years, driven by a rally in oil prices and rising production. The value of crude exports, now almost $1 billion […]
Heading into the Memorial Day weekend, the U.S. average retail price of regular gasoline was $4.59 per gallon (gal) on May 23, the highest inflation-adjusted (real) price since 2012 and the fourth-highest price on record […]
May 27 (Reuters) – Iran on Friday summoned the envoy of Switzerland, which represents U.S. interests in Tehran, to protest against the U.S. seizure of Iranian oil from a Russian-operated ship near Greece, the foreign […]
Russia’s oil and gas revenues hit another record high despite sanctions designed to hurt the Russian economy. The removal of some Russian oil from markets only served to send oil prices higher, boosting revenues from […]
LONDON/ATHENS, May 26 (Reuters) – The United States has confiscated Iranian oil held on a Russian-operated ship near Greece and will send the cargo to the United States aboard another vessel, three sources familiar with […]
A safety consultant resigned from Shell in a blaze of glory when she told executives they needed to admit that the oil giant is “failing on a planetary scale.” U.K.-based Caroline Dennett took to social media following […]
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