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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These Countries Embrace E.V.s to Avoid Oil Price Shocks
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 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 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
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 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
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
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
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
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
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
Oil prices push higher, approaching another wartime high, as President Trump asserted that the naval blockade of Iran’s ports would persist.