The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.
Category: US and Israeli Attack on Iran (2026)
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OPEC Plus, in Symbolic Gesture, to Increase Oil Production
The New York Times – Business: -
These Countries Embrace E.V.s to Avoid Oil Price Shocks
The New York Times – Business:People in Costa Rica and other Latin American, Asian and African countries are increasingly buying electric vehicles to avoid spiking fuel prices.
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Spirit Airlines Prepares to Shut Down
The New York Times – Business:The low-fare airline, which has struggled for years, had been trying to secure a $500 million lifeline from the Trump administration.
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Oil Cools Slightly After a 4-Year High
The New York Times – Business:The price of Brent crude, the international benchmark, dipped more than 2 percent a day after it rose above $120 a barrel in volatile trading.
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Stocks and Oil Prices Sent Conflicting Signals in April Amid Havoc of Iran War
The New York Times – Business:Energy markets remained disrupted by turmoil in the Middle East, while the S&P 500 posted its best month since November 2020.
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Utility Bills Are Likely to Be Higher This Summer. Here’s What You Can Do.
The New York Times – Business:The average bill is forecast to rise 8.5 percent. There are simple ways to make sure you’re not overpaying, like getting your air-conditioning checked.
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Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
The New York Times – Business:American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
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The World’s Central Banks Are Wrestling With a Gigantic Problem
The New York Times – Business:Inflationary surges and economic slowdowns set off by the war in Iran, tariffs and other Trump policies have forced monetary officials to adjust, our columnist says.
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Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes
The New York Times – Business:European nations imposed temporary taxes in the 2022 energy shock when Russia invaded Ukraine, but whether they can effectively help households is up for debate.
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U.S. Economy Grew 2 Percent in Early 2026 Even as War in Iran Began to Hit Energy Prices
The New York Times – Business:Gross domestic product expanded at a 2 percent annual rate in the first three months of the year, a period including first weeks of conflict in the Middle East.
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How Powell Just Complicated Trump’s Fed Plans
The New York Times – Business:Traders now think the Federal Reserve will keep steady interest rates, or perhaps even increase them, amid succession intrigue at the central bank.
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Oil Prices Soar as Iran Standoff Shows No End in Sight
The New York Times – Business:Oil prices push higher, approaching another wartime high, as President Trump asserted that the naval blockade of Iran’s ports would persist.