More: Oil
Syria Turns to Russian Oil Despite Westward Shift
Despite efforts to rebuild ties with Western nations, Syria remains heavily dependent on Russia for its oil supply. Since the fall of Bashar al...
A Fractured Cartel: What the UAE’s Exit Means for Global Oil Governance
I. The Moment That Changes Everything
When the United Arab Emirates announced on Tuesday that it would quit OPEC effective 1 May—after nearly six decades...
Iran War Widens Divide Between Trading Driven European Oil Majors and US drilling Giants
The conflict involving Iran and the disruption of the Strait of Hormuz have shaken global energy markets. Supply constraints and extreme volatility have driven...
US Pushes Coalition to Reopen Hormuz as Oil Prices Surge
The United States is seeking international support to restore navigation through the Strait of Hormuz after its closure during the conflict with Iran. The...
The UAE Just Walked Out of OPEC and the Cartel May Never Recover
Fifty-nine years of membership, ended with a statement on a Tuesday and an effective date of Friday. The United Arab Emirates announced it will...
America Replaces OPEC as Global Oil Shock Absorber
The ongoing Iran war has reshaped global energy dynamics, shifting influence away from OPEC toward the United States. Traditionally, OPEC and key producers like...
Oil Surge and AI Boom Send Global Markets in Opposite Directions
Global markets opened the week with a split narrative as geopolitical tensions and technology optimism pulled investors in different directions. Oil prices surged after...
Druzhba Pipeline Set to Resume Oil Flows, Clearing Path for EU Loan to Ukraine
Energy infrastructure has become a central battleground in the ongoing Russian invasion of Ukraine, with supply routes carrying both economic and political weight. One...
Europe’s Savings Edge Over the US Faces Reality Check as Oil Shock Tests Households
The recent energy shock linked to tensions involving Iran has renewed debate over whether Europe is better positioned than the United States to absorb...
US Blockade of Iran Threatens Global Oil Flows and Market Stability
The United States has moved to block shipping linked to Iran following failed negotiations in Islamabad. Donald Trump announced that vessels entering or leaving...