OPEC+ agrees to enhance oil production by 547k barrels per day from September
OPEC+ on Sunday agreed to boost oil production by 548,000 barrels per day from September in a move that could further reduce gas prices in 2025
opec
If India Were To Stop Buying Russian Oil Global Crude Prices Could Jump To 200 Dollars A Barrel: Sources
Global crude oil prices could surge dramatically to around $200 per barrel if India ceased purchasing Russian oil, a move that would severely impact consumers worldwide, according to sources cited by ANI and several reports from August 2025.This is due to Russia being the world’s second-largest crude oil producer, with a daily output of about 9.5 million barrels (nearly 10% of global demand), and
UK petrol prices poised to fall further as oil prices tumble
Global prices drop after reports that Opec+ is ready to raise output despite weaker demand for fossil fuelsGlobal oil prices have tumbled by more than $1 a barrel in a sign that pressure on households at the petrol pumps could ease further.The price of…
ICBM EAR for 23 Jan 25
ICBM Ear for the Week of January 23, 2025 Prepared by Peter Huessy, President of Geostrategic Analysis and Senior Fellow at the National Institute for Deterrent Studies Key Takeaways Significant Military Budget Increase in Russia: Russia’s defense spending will rise by 25% to 13.5 trillion rubles (~130 billion euros), continuing its high military expenditure trend. […]
ICBM EAR for 23 Jan 25 was originally published on Global Security Review.
UK cost of diesel soars as RAC says petrol is ‘overpriced by about 7p a litre’
Diesel up by more than 8p to 163p in September and petrol by 4.5p to 152p amid global oil production cutsThe price of diesel in the UK has shot up at one of its fastest rates in more than 20 years – while retailers have been accused of charging “unjust…
Iran oil prices rose by an average of $6.1 per barrel in August: OPEC
Latest figures by the Organization of Petroleum Exporting Countries (OPEC) show Iranian oil prices rose by an average of $6.1 per barrel in August.
Saudi Arabia, Russia extend oil supply cuts
Oil prices hit a new high for the year so far after Saudi Arabia and Russia — the world’s biggest crude exporters — announced they would extend output cuts by at least another three months.
Russia, Saudi Arabia cut oil supply again to raise price
Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world in a bid to prop up price to boost income from the fossil fuel.
Brent crude price rises after Saudi Arabia agrees to cut oil output
Price gained more than 2% on Monday morning to touch one-month high of $78.73The price of Brent crude has risen after Saudi Arabia agreed to cut its output to firm up oil prices after a weekend of tense talks.Saudi ministers agreed to cut 1m barrels pe…
Saudi Arabia says to slash oil output by 1 million barrels a day from July
Saudi Arabia announced the decision to expand voluntary cuts to its crude oil output from July in a bid to help efforts to reinforce global oil prices. The rest of the OPEC+ oil producers have already agreed to extend earlier cuts in supply through th…