PAPER BARRELS Saudi oil output is set to rise to above 9.5 million bpd in July, leaving the kingdom with the ability to raise output by another 2.5 million bpd if it decides to.

The probability of a major oil supply disruption such as closure of the Strait of Hormuz estimated from options has fallen to just 4% following the Israel-Iran ceasefire, Goldman Sachs said.

In the absence of major supply disruptions, the latest medium-term forecast sees a comfortably supplied oil market through 2030 – though significant uncertainties remain, especially given rising ...

While there have been no major disruptions to the global oil supply so far, the attacks on Iran — by Israel and then the US — have rattled investors, sending oil futures soaring by around 10% ...

1530 GMT – Oil prices rise more than 1% following a sharp selloff earlier this week, with traders focusing on talks between the U.S. and Iran. Brent crude rises 1.4% to $67.13 a barrel, while ...

June 13 (Reuters) - Israel's attack on Iran is unlikely to cause a major disruption to oil supply, analysts at two major banks said, but a worst-case scenario involving blockades in the Strait of ...

Oil prices have fluctuated due to concerns about potential supply disruptions in the Middle East following recent Israeli strikes on Iran, but no actual supply cuts have occurred. The Strait of ...

The International Energy Agency says that in 2025, the world will produce more oil than it needs, even as the Israel-Iran conflict raises the risk of supply disruptions. It forecasts a 1.8 million ...

The escalating conflict between Israel and Iran has sent oil prices higher over the past few days. If history is anything to go by, the pressure it’s putting on global energy costs will fade ...

Efforts of the Nigerian government to mandate upstream oil producers to allocate a portion of their output to domestic refineries were resisted by several companies last year, the Nigerian ...

Iran is a major producer of oil and also sits on the narrow Strait of Hormuz, through which much of the world’s crude passes. It will go into effect pending a final decision by Iran’s Supreme ...

Oil faces reckoning as OPEC+ supply hike remains a threat With demand already in question, output boost could see prices tumble. JUN 10, 2025 By Bloomberg ...