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Saudi Economy Contracts 4.8% as Oil Output Plummets

A 24.7% fall in oil activity from blocked shipping routes makes recovery conditional on restored secure maritime traffic.

China’s Collapse in Oil Buying Has Kept Global Prices Stable After the Iran War

EU Freezes Russian Oil Price Cap for a Week as Sanctions Talks Stall

Oil Surges After US–Iran Ceasefire Fails and Russian Crude Piles Up at Sea

Egypt's Gold Prices Plunge, Triggering Rush for Bullion

IEA Cuts 2026 Oil Demand Outlook as Gulf Disruptions Drain Stocks

UAE Quits OPEC, Testing Gulf Unity and Oil Price Discipline

Fuel Tax Cut Falls Short at German Pumps as Prices Rebound

UAE Leaves OPEC+, Weakening the Group’s Price Leverage

Pakistan Admits It Has No Strategic Oil Reserves During Global Oil Shock

UAE Quits OPEC, Shaking Oil Market and Gulf Politics

Japan to Tap State Oil Reserves as IEA Signals Readiness for More Releases

IEA Starts Record 400 Million-Barrel Oil Release as Asia and Oceania Begin Shipments

Canada Pledges 23.6 Million Barrels to IEA’s Record Oil Stock Release

OPEC+ Keeps Oil Output Unchanged for Q1 2026, Preserves Option to Adjust Cuts

Italy to Lift Diesel Excise in January, Flipping the Price Gap With Gasoline

Oil Gains as Traders Weigh Peace Prospects and U.S. Inventory Jump

India Ranks No. 2 Buyer of Russian Crude in October as New U.S. Sanctions Set to Reshape Flows

Diesel Prices Climb in Germany as Heating Season Pushes Costs Higher

German Fuel Prices Fall for Third Week as Cheaper Oil Filters Through