Oil market watchers are once again turning to the Organization of the Petroleum Exporting Countries for clues on whether it will act to temper price volatility and supply risks amid escalating ...

Potential oil market disruptions caused by the Middle East crisis appear to have prompted the OPEC+ crude producers’ group to announce an output hike at its scheduled meeting on Sunday. The move ...

Middle East-based state-owned giants including Saudi Aramco and Abu Dhabi National Oil Company (Adnoc) are expected to fast-track several offshore oilfield expansion schemes, as key Opec members near ...

Middle East oil power is losing geopolitical influence. Global energy diversification and reduced Western dependence—especially by the U.S. and EU—have made markets more resilient to Middle Eastern ...

Oil prices in the Middle East are starting to show the strain from concerns over a looming surplus, as OPEC+ presses ahead with its strategy to reclaim market share and demand from Chinese refiners ...