Opec: UAE Exits : A Blow to the Oil Cartel
The UAE's departure from OPEC signals a major shift in the energy market, raising concerns over crude oil exports and regional stability.
IEA Responds to Oil Market Disruption Amid Conflict in the Middle East
The IEA has announced measures to address severe disruptions in the global oil market caused by ongoing conflict in the Middle East, particularly affecting the Strait of Hormuz.
Brent crude price: Surge Amid Supply Concerns and Geopolitical Tensions
Brent crude prices surged by 6.6% to $77.70 a barrel, driven by supply concerns in the Strait of Hormuz and geopolitical tensions. OPEC+ is adjusting output while traders remain cautious…