News

Oil prices jump 3% as Iran suspends cooperation with UN nuclear watchdog
Oil prices rose 3% on Wednesday as Iran suspended cooperation with the U.N. nuclear watchdog and the U.S. and Vietnam reached ...
Nairametrics22h
OPEC warns of 23 million bpd oil shortfall globally by 2030 without $17.4 trillion investment
The Organisation of the Petroleum Exporting Countries (OPEC) has projected a potential shortfall of 23 million barrels per day (bpd) ...
Channels Television17h
OPEC Warns Of 23mb/d Oil Supply Shortfall Without $17.4tn Investments By 2050
The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 million barrels per day oil supply shortfall by 2023 without upstream investments of up to $17.4 trillion. It said the ...
OilPrice.com1d
Oil Markets Refocus on OPEC as Iran-Israel Conflict Cools
Oil markets are now refocused on OPEC production as the geopolitical concerns dim somewhat following the Iran-Israel ...
Oil News: Can Crude Oil Hold 200-Day MA Despite OPEC Production Surge?
Oil posts worst week since March 2023, down 12% on Israel-Iran ceasefire. OPEC+ production hike adds pressure but Friday ...
Marketplace9d
Despite Iran conflict, oil companies are unlikely to heed the president's call to "drill, baby, drill"
President Trump posted two things on his social media platform this morning: One calling for “everyone” to “keep oil prices ...
OilPrice.com1d
Iraq Claims Top Spot Among OPEC Crude Suppliers to the U.S.
Iraq emerged as the largest OPEC crude oil supplier to the United States in May, driven by strong export volumes and ...
Oil edges down on easing Middle East risks but gains for a second month
Oil prices edged down on Monday as investors weighed easing Middle East risks and a possible OPEC+ output increase in August.
Business Day19h
$17.4trn global upstream investment required in five yrs to avoid market deficit – OPEC
The Organisation of Petroleum Exporting Countries (OPEC) says its research estimates a huge oil market deficit of 23 million ...