More: Oil
The Evolution of OPEC: From Oil Cartel to Crisis Manager
Origins of OPEC and the Oil Shocks
OPEC was initially formed in 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela to protect the national...
The Politics of Energy Transition: How Gulf States are Preparing for a Post-Hydrocarbon Future
"My grandfather rode a camel, my father rode a camel, I ride a Mercedes, my son rides a Land Rover, and my grandson is...
Did Oil Markets Bet on Trump and Win on Iran War Pricing?
Oil markets experienced extreme volatility during the Iran war, which disrupted global energy flows after the Strait of Hormuz was effectively closed following U.S.-Israeli...
Lebanon Ceasefire Raises Hopes of Progress in Iran Peace Talks
A newly announced ceasefire between Israel and Lebanon, brokered through U.S. mediation, has raised cautious hopes that broader diplomatic progress could emerge in efforts...
Are Hidden Oil Flows From Hormuz Reshaping the Energy Market?
Oil shipments passing through the Strait of Hormuz have quietly increased in recent weeks, but traders say the movement reflects a fragmented and opaque...
Oil Jumps as Iran US Talks Stall and Gulf Conflict Escalates
Tensions between Iran and the United States have escalated into renewed military hostilities in the Gulf, raising concerns over regional stability and global energy...
Iran Conflict Drives United States Shale Oil Growth as Producers Stay Cautious
The war involving Iran and the disruption of oil shipments through the Strait of Hormuz have pushed global crude prices sharply higher, creating strong...
Hormuz Tankers Resume Movement as United States Signals Possible Iran Peace Deal
Two Chinese oil tankers carrying millions of barrels of crude oil exited the Strait of Hormuz on Wednesday, raising hopes that tensions between the...
Global Markets Waver as Trump Signals Possible Iran Deal and Oil Prices Retreat
Global financial markets remained volatile on Tuesday after United States President Donald Trump announced that he had paused a planned military strike against Iran...
UAE Accelerates Oil Pipeline Expansion to Bypass Strait of Hormuz
The United Arab Emirates has announced plans to accelerate construction of a major new oil pipeline designed to significantly expand its ability to export...