OPEC crude output fell last month, hitting its lowest level in decades as the US blockade of Iran and disruption in the Persian Gulf continued to curb production.
OPEC crude output fell last month, hitting its lowest level in decades as the US blockade of Iran and disruption in the Persian Gulf continued to curb production.
An Organization of the Petroleum Exporting Countries oil drum.
Oil declined on hopes that the US and Iran are inching closer to a peace deal after a conditional ceasefire between Israel and Lebanon, even as the truce was marred by ongoing clashes.
Oil declined on hopes that the US and Iran are inching closer to a peace deal after a conditional ceasefire between Israel and Lebanon, even as the truce was marred by ongoing clashes.
Pumpjacks located near a residential neighborhood in Midland, Texas, U.S. on Monday, April 4, 2022. West Texas, the proud oil-drilling capital of America, is now also on the cusp of becoming the earthquake capital of America.
Major OPEC+ members agreed another modest symbolic increase to their oil output quotas for July, even as a blockage of exports from the Persian Gulf prevents most of them from implementing it.
Major OPEC+ members agreed another modest symbolic increase to their oil output quotas for July, even as a blockage of exports from the Persian Gulf prevents most of them from implementing it.
The headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, on Sunday, April 5, 2026. The United Arab Emirates will leave OPEC and its wider alliance, dealing a blow to the group and its leader Saudi Arabia as the global oil industry grapples with the massive supply disruption caused by the Iran war.
When Albert Manifold was hired as chairman of BP Plc, he joked to friends the company needed a “gurrier” — Irish slang for a savvy and scrappy streetfighter — to help turn its fortunes around.
When Albert Manifold was hired as chairman of BP Plc, he joked to friends the company needed a “gurrier” — Irish slang for a savvy and scrappy streetfighter — to help turn its fortunes around.
Albert Manifold Photographer: Chris Ratcliffe/Bloomberg
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