Economics ❯ Global Markets ❯ Oil Prices ❯ Supply and Demand

Market Reactions

UAE to Quit OPEC and OPEC+ on May 1, Redrawing Gulf Oil Politics

The exit strips the cartel of rare spare capacity, weakening its price leverage.

U.S. Authorizes 30-Day Sale of Iranian Oil Already at Sea to Stabilize Markets

U.S. Push for Hormuz Escort Coalition Yields No Pledges as Oil Tops $100

Hormuz Disruption Sends Energy Prices Higher as India Lifts LPG and Pakistan Hikes Motor Fuels

U.S. Strikes Iranian Nuclear Sites as Oil Tops $80

Israel and Iran Exchange Hypersonic Strikes as Oil Prices Surge

Israel’s Airstrikes on Iran Trigger Drone Retaliation and Oil Price Surge

Israel Hits Iran’s Nuclear Sites in Rising Lion Operation, Iran Fires Over 100 Drones