Tag: OPEC

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Oil Surges Past US$100 as US Navy Blockade of Iranian Ports Takes Effect

Oil prices climbed sharply above $100 a barrel on Monday after the United States military launched a naval blockade of Iranian ports and coastal...

Oil Climbs as Trump’s Iran Deadline Looms and Talks Stall

Oil prices climbed sharply on Tuesday as markets braced for a potential military escalation after U.S. President Donald Trump set an 8 p.m. Eastern...

Oil Posts Record Monthly Surge as Iran War Reshapes Markets

Crude oil recorded its biggest monthly gain in nearly four decades on Tuesday, closing out March with Brent futures up more than 60 percent...

Hormuz Gridlock Threatens Steeper Fuel Costs at Mid-March Review

Ghana's next fuel pricing window, due in mid-March, is shaping up as the most consequential in over a year, caught between a global oil...

OPEC+ Adds Barrels It May Not Be Able to Ship Amid Iran War

The Organization of the Petroleum Exporting Countries and its partner producers (OPEC+) approved a modest output increase on Sunday even as strikes on Iran...

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