U.S. crude oil rises for third day as traders fear Middle East escalation that disrupts supplies
U.S. crude oil has gained nearly 5% this week as traders fear Israel could retaliate against Iran by hitting crude infrastructure. OPEC+ spare oil capacity is keeping prices from running higher, ...
Climate Crisis 247 on MSN41m
Push Toward $50 Oil Threatens Climate.
A battle among OPEC+ nations may push crude oil prices as low as $50 a barrel. Less than two years ago, near the start of the ...
Khaleej Times55m
Opec+ could cushion Iran oil shock but not broader disruption
Opec has enough spare oil capacity to compensate for a full loss of Iranian supply if Israel knocks out that country’s ...
Interfax56m
Kazakhstan to provide largest volume of compensation for oil overproduction in Oct within OPEC+
Kazakhstan will provide the largest volume of compensation for oil overproduction in October within the OPEC+ framework in connection with the major repairs at the largest oil and gas field, Kashagan, ...
Why an attack on Iran may not see oil prices spike – but what will
Much of the spare oil is in the Middle East Gulf region and vulnerable should the conflict escalate. Read more at ...