#global-energy-markets tag

OPEC+ to resume oil output increases as Iran conflict rages | Fortune

OPEC+ increased oil production by 206,000 barrels daily in April amid Middle East tensions, though the modest hike may prove insufficient to stabilize markets threatened by potential Strait of Hormuz disruptions.

World news

fromwww.aljazeera.com

2 days ago

How US-Israel attacks on Iran threaten the Strait of Hormuz, oil markets

Iranian threats to close the Strait of Hormuz, through which 20-30% of global oil and gas supplies transit, risk triggering significant increases in global oil prices and worldwide economic instability.

World news

fromFortune

2 days ago

OPEC+ to weigh bigger hike after Iran strike, delegates say | Fortune

OPEC+ will consider larger supply increases at Sunday's meeting following US-Israel attacks on Iran, potentially exceeding the planned 137,000 barrels-per-day increase.

fromwww.dw.com

3 weeks ago

India's oil shake-up: Can Venezuela really replace Russia?

After months of pressure over India's purchases of discounted Russian and sanctioned Iranian crude, New Delhi appears to have bowed to US President Donald Trump's demand by agreeing to phase out Russian oil imports and shift toward buying more barrels from the United States and potentially Venezuela. Trump said Monday on his Truth Social platform that Prime Minister Narendra Modi planned to "stop buying Russian oil," which the US president said would help end the war in Ukraine.

World news

US politics

fromwww.theguardian.com

4 months ago

Trump sanctions have swift impact but will world stop buying Russian oil and gas?

US sanctions on Rosneft and Lukoil could force global buyers to stop purchasing Russian fossil fuels, cutting Kremlin export revenue and crippling its war funding.

World news

fromwww.aljazeera.com

8 months ago