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In a Shaky Oil Market, OPEC Has Bitter Decisions to Make

Israel-Gaza War (2023- ) Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Production Saudi Arabia Saudi Aramco

In a Shaky Oil Market, OPEC Has Bitter Decisions to Make

Anticipating a drop in demand for 2024, major producers, led by Saudi Arabia, are trying to reduce supply.

By Stanley Reed

U.S. Gas Prices Drop Ahead of Thanksgiving Travel

Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Thanksgiving Day Travel and Vacations United States United States Economy

U.S. Gas Prices Drop Ahead of Thanksgiving Travel

With OPEC Plus members in disarray over production levels, oil prices have fallen nearly 20 percent in three months.

By Clifford Krauss

Iran’s Call for Oil Embargo on Israel Roils Markets

Embargoes and Sanctions International Relations Israel Israel-Gaza War (2023- ) Kazakhstan Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries War and Armed Conflicts

Iran’s Call for Oil Embargo on Israel Roils Markets

A top Iranian official urged Islamic countries to halt oil shipments to Israel, briefly causing a jump in crude prices.

By Stanley Reed

Oil Prices on a March Toward $100 a Barrel

Inflation (Economics) Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Saudi Arabia

Oil Prices on a March Toward $100 a Barrel

Analysts have raised their forecasts for oil prices, as they try to understand Saudi Arabia’s intentions with recent production cuts.

By Stanley Reed