Economics ❯ Market Trends ❯ Oil Prices

Supply and Demand

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

A blockade at the Strait of Hormuz keeps near-term oil supplies tight.

Panama Reaffirms Canal Neutrality as Hormuz Closure Fuels Traffic and Price Spikes

OPEC+ Keeps March Quotas Unchanged as Compensation Cuts Trim February Allowance

Aramco Q3: Cash Flow Strong, Adjusted Profit Edges Up as Reported Profit Dips

OPEC+ Lifts December Output Slightly, Sets Q1 2026 Pause to Head Off Oversupply

OPEC+ Sets Small December Output Hike, Plans Q1 Pause

OPEC+ Lifts November Quotas by 137,000 Barrels a Day

OPEC+ Plans September Production Increase on Forecasted Q3 Demand Surge

Shell Sees Trading Profits Slide, Lowers Q2 Gas, LNG and Oil Guidance

OPEC+ Approves 548,000-Barrel-a-Day August Production Increase

Israel-Iran Attacks Target Energy Infrastructure, Sending Oil Prices Soaring

IEA Forecasts Peak Oil Demand by 2029 as Capacity Growth Outpaces Consumption

Oil Prices Decline as Trade War and OPEC+ Supply Moves Weigh on Market

Oil Prices Stabilize After Short-Covering, But Tariff and Supply Concerns Persist

Oil Prices Hit Three-Year Low as OPEC+ Boosts Production and Trump’s Tariffs Weigh on Demand

BP Faces $600 Million Profit Hit Amid Weak Refining Margins