Oil Market

Saudi energy minister Prince Abdulaziz bin Salman
Prince Abdulaziz says new OPEC+ output mechanism will help stabilise markets
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The mechanism will be used for setting output baselines from 2027
OPEC+ agrees to keep oil output unchanged
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Oil refinery
IEA sees global oil supply growth driving larger market glut
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IEA trims forecast for oil demand growth this year to 680,000 bpd
IEA raises 2025 oil supply forecast
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Oil prices slid about 1% to an eight-week low on Wednesday
Kuwait oil minister says OPEC closely monitoring market
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OPEC logo
OPEC+ set to hike oil production further on Sunday
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Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al Saud
Saudi Arabia fully compliant with voluntary OPEC+ target
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IEA raises 2025 supply forecast after OPEC+ hike
IEA sees 2025 oil demand growth slowing to 700,000 bpd
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Goldman analysts expect a final 550,000 bpd OPEC+ output hike for September
Oil prices tumble after OPEC+ hikes August output more than expected
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Global oil prices spiked 7% amid Middle East tensions
US says monitoring Israel-Iran attacks' impact on global energy supply
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Friday's gains were the largest intraday moves for both contracts since 2022
Oil soars over 7% after Israel's strikes on Iran
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Half of the production came from the Gabar mountain region in the southeast province of Sirnak
Turkey produces record 3.4 million oil barrels in November
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The prospect of excess supply is a headwind for OPEC+
IEA chief sees plentifulness of oil and gas supply
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Waning Chinese demand continues to weigh on global oil demand growth
IEA sees 2025 oil market in supply surplus
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IEA cut 2024 demand growth forecast by 40,000 bpd
IEA sees oil surplus looming
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Brent crude futures were set to gain around 8% for the week - its steepest since February 2023
Middle East tensions push oil prices higher
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