Geopolitics

International Relations Middle East Sanctions OPEC+ Decisions U.S.-China Relations Kurdish Oil OPEC+ Relations U.S. Foreign Policy Tensions Country Actions Russian Export Policies Supply Chain Supply Chain Disruptions Middle East Conflict Russia Trade Policies International Trade Russian Oil Imports Market Influences EU Energy Strategy Geopolitical Factors Iran Russian Oil Market Reactions Venezuela Middle East Relations Supply Concerns Drone Attacks

OPEC+ Approves Unprecedented 548,000 BPD August Output Hike

The increase is the latest step in a strategic pivot to reclaim market share after nearly three years of production cuts.

Oil Prices Head for Weekly Gain as Trade Optimism Offsets Supply Risks

Oil prices slip as OPEC+ output climbs and U.S. fuel stocks surge