Despite concerns over excess supply, oil prices overturned declines from earlier in Monday’s session, as downside risks ...

US tariffs and OPEC+’s unexpected 548,000 bpd August output hike are pressuring crude prices, with Brent at $69.37. Nikunj ...

U.S. drivers may pay the lowest Independence Day prices for gasoline at the pump since 2021, as easing Israel-Iran tensions have helped pull oil lower. But whether cheaper fuel prices will stick ...

Oil was set to fall this week with the Iran-Israel ceasefire holding and easing concerns over Middle East supply risks, ...

Kirk Edwards “In early 2020 OPEC overproduced just as the pandemic brought the global economy to a halt,” he said. “Prices collapsed, demand evaporated and the world plunged into recession.

Salisbury writes that mounting concerns surrounding OPEC’s actions and the potential for a recession have created headwinds for the energy sector, particularly impacting production companies.

Oil prices plunged to a near four-year low on Monday, which pundits expect will continue to push petrol prices lower.

OPEC+ hikes June output by 411,000 bpd, sparking a sharp selloff in oil and energy stocks. Brent could fall to $40 by 2026 if supply keeps rising and recession hits, Goldman says. Get daily ...

US President Trump’s imposition of higher tariffs has intensified recession concerns, compounding bearish sentiment as OPEC+ accelerates output.

Opec echoed these concerns in its monthly report, trimming its global oil demand growth forecast by 150,000 bpd for both 2025 and 2026.

Crude oil prices hit four-year low on recession fear, Trump's tariffs, Saudi Arabia's rate cut Crude oil price: Following tariff announcements by Trump and rate cuts from Saudi Arabia, crude oil ...