Oil Market

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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Will oil prices rise further?
Moscow warns Middle East conflict will take its toll on oil supply
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A slowdown in Chinese demand is the main driver of weaker global demand growth
IEA trims 2024 oil demand growth forecast
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The move comes amidst falling oil prices on a weak economic outlook
OPEC+ nearing agreement to delay oil output hike
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The plan to increase production remains in place
OPEC+ likely to proceed with planned output hike from October
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UAE energy minister Suhail Al Mazrouei
UAE committed to OPEC+, consumers and the market
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Oil prices trade near $80 per barrel, below what many OPEC+ members need to balance their budget
OPEC+ prolongs deep oil production cuts into 2025
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Saudi Arabia has said that the cuts could continue past the first quarter if needed
OPEC+ to consider extending voluntary oil output cuts
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The Brent and WTI contracts fell from near three-week highs
Oil prices extend losses
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Saudi energy minister Prince Abdulaziz bin Salman
Saudi minister says energy transition behind Aramco capacity halt
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