OPEC oil output climbs 1.17 million bpd in July as Iran stays a quarter below pre-war levels
OPEC's 11 remaining members pumped 19.85 million barrels per day in July, a 1.17 million bpd jump from June, as…
Commodities News
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Brent and WTI crude fall as US-Iran talks stay deadlocked and US inflation data eases Fed rate-hike bets
Oil prices reversed course on Wednesday as investors weighed deadlocked US-Iran talks and renewed shipping attacks in the Middle East…
US crude oil inventories post largest weekly build since January 2023
US commercial crude oil inventories jumped 17.4 million barrels in the week ended August 7, the largest weekly gain since…
BP and Shell Post Big Profit Jumps as Iran War Lifts Oil Prices
BP and Shell both posted sharp profit gains this quarter, driven by the same Iran-war-driven surge in oil and gas…
Oil dips as OPEC, IEA cut 2026 demand outlook while Iran talks stall
Oil prices slipped on Wednesday after both OPEC and the IEA cut their 2026 demand forecasts, while a stalled Iran…
