More: Oil
US Iran deal memo talks gain momentum after Trump pauses Strait mission
Reports from a US media outlet suggest the White House may be close to a preliminary memorandum aimed at ending the conflict with Iran,...
Australia unveils 10.7 billion dollar fuel security plan with national reserve push
Prime Minister Anthony Albanese has announced a major fuel security package worth 10.7 billion dollars as Australia faces ongoing concerns over supply disruptions. The...
Iran Oil Shutdown Risks: Strait of Hormuz Crisis Could Damage Wells and Disrupt Global Supply
The escalating confrontation between the United States and Iran has pushed the Strait of Hormuz into prolonged disruption, with the vital shipping route effectively...
OPEC After the UAE Exit: The End of Oil Unity
The withdrawal of the United Arab Emirates to abandon OPEC is far more than just a change in policy, but represents a change in...
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...