Iran-Israel conflict unlikely to hit oil supply

Oil minister Hardeep Puri had an extended telecon lasting 30 minutes with Opec secretrary ... Israel's Gaza operation. The Iran conflict renews risk premia, which moves with the news," he said ... Read More

OPEC oil output falls in April led by Iran, Iraq, survey finds

OPEC oil output has fallen in April, a Reuters survey found on Tuesday, reflecting lower exports from Iran, Iraq and Nigeria against a backdrop of ongoing voluntary supply cuts by some members agreed ... Read More

U.S. crude oil hovers near $83 after Iran says it will not escalate conflict with Israel

Iranian Foreign Minister Hossein Amirabdollahian told NBC News the Islamic Republic does not plan to respond to Israel's retaliatory strike launched Friday. Read More

Iran's crude oil output up 20% in 2 years at 3.3% of global supply: What does this mean for the Iran-Israel proxy war?

Despite being a member of OPEC and OPEC+ (which brings together OPEC and allies, including Russia) Iran is exempt from the group's output ... news agency Reuters. The US has sought to limit Iran's ... Read More

Iran’s oil price, output surge in March 2024: OPEC

Iran’s oil production volume reached 3.188 million bpd in March 2024, showing a 28,000 barrels hike compared to a month earlier. The OPEC total crude oil production volume reached 26.604 million bpd ... Read More

Iran’s Crude Oil Output Hits 3.25 Million bpd in March

With an increase of 630,000 barrels in oil production over the past year, Iran had the highest production rise among OPEC members ... as the organization’s third oil producer in March. Read More

Oil Prices Forecast: Crude Stumbles as OPEC Snubs Iran’s Embargo Call

Last week’s heightened tensions between Iran and Israel sparked fears of supply disruption, buoying oil prices. Iran’s push for an embargo, however, didn’t find favor with OPEC, easing those ... Read More

Analysis-Biden Unlikely to Cut Iran's Oil Lifeline After Israel Attack

Analysis-Biden Unlikely to Cut Iran's Oil ... Fox News on Sunday, Representative Steve Scalise the No. 2 House Republican, said the administration had made it easier for Iran to sell its oil ... Read More

US oil executive censure puts spotlight on shale-OPEC meetings

A U.S. regulator's censure of a top U.S. oil executive over private meetings with the Organization of the Petroleum Exporting Countries (OPEC) group of oil producers has put a spotlight on dinners ... Read More

Oil prices surge 3% on reports of Israeli strikes on Iran

U.S. news outlet ABC News cited a U.S. official as saying that Israeli missiles had hit a site in Iran. Iran's Fars news agency ... oil supply, Venezuela lost a key U.S. license allowing the OPEC ... Read More

OPEC Oil Production Inched Higher in March

OPEC’s crude oil production edged up by 3,000 barrels per day (bpd) in March compared to February as Iran and Saudi Arabia slightly boosted output while Iraq continued to produce more than it is ... Read More

Oil expected to rise in wake of Iran's attack on Israel

Oil prices are expected to rise when markets open on Monday following Iran's attack on Israel over the weekend after they reached a six-month high on Friday, according to analysts. Iran launched ... Read More