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U.S. crude oil inventories rose for the first time in six weeks as imports rose and exports dropped, according to data released by the U.S. Energy Information Administration. Gasoline inventories rose ...
West Texas Intermediate (WTI) Crude Oil prices remain subdued on Friday, extending losses from the previous day and hovering near the mid-$65s amid thin holiday trading, lingering demand concerns, and ...
OPEC’s June oil production rose by 270,000 bpd, but weak compliance and inconsistent enforcement raise doubts about whether ...
Crude futures settled lower. The market was restrained by the widely held view that OPEC+ will agree to bring back another 411,000 barrels a day in August. U.S. natural gas futures fell going into the ...
ASTANA – The Astana Times has curated a selection of articles from global media outlets covering Kazakhstan. This week’s foreign media digest includes topics such as relations with the West, the ...
OPEC+ may bring its meeting forward to Saturday to approve another oil production hike, though actual supply increases remain ...
Oil futures fell almost 1 per cent on Friday, pressured by expectations that OPEC+ producers will decide this weekend to raise output and an Iranian reaffirmation of its commitment to nuclear ...
OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, although the increase was limited as Iraq pumped below target to compensate for ...
He said the U.S. will forgo lengthy negotiations with over 170 countries and instead unilaterally impose flat tariff rates ranging between 20% and 30%. The TSX/S&P composite index rose by 0.6% at ...
Oil fell for a second day in the lead up to an OPEC+ meeting that’s expected to deliver another substantial production hike, ...
Arabian Gulf Business Insight on MSN6h
Iraq develops 113 oil wells in capacity expansion plan
Iraq developed 113 oil wells in the first half of 2025 as it pushed ahead with plans to expand its crude output capacity by more than 50 percent. The developed wells include 27 newly drilled producing ...
Eight OPEC+ countries are likely to make another accelerated oil output increase for August at a meeting on Saturday, sources ...