Market-moving news and intelligence across global energy markets.
The UAE's crude output surged to nearly 3.8 million bpd in June after exiting OPEC, signaling a shift in Gulf energy policy and raising global supply surpl
Gulf oil producers, led by the UAE, are aggressively boosting exports post-Hormuz reopening, intensifying competition and raising questions about OPEC's ma
Gulf oil producers are aggressively boosting exports and reclaiming market share following the Strait of Hormuz reopening, challenging OPEC+'s influence am
OPEC+ nations will increase crude production by 188,000 bpd in August, continuing a gradual supply hike as Strait of Hormuz exports improve and Brent price
OPEC+ agreed to increase oil output by 188,000 bpd from August as Strait of Hormuz exports recover, pushing Brent crude prices to pre-war levels.
Saudi Arabia's crude exports are nearing pre-war levels, extending the recovery in Persian Gulf flows and heightening prospects of a global supply surplus,
Saudi Arabia approved a July 2026 OPEC+ output hike it cannot deliver, with Brent crude below breakeven, as the Strait of Hormuz remains closed.
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