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A service for energy industry professionals · Thursday, June 4, 2026 · 917,377,048 Articles · 3+ Million Readers
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OPEC & Crude Oil News Monitoring

  • Published on 11:06 GMT

    Iraq may demand higher OPEC quota, but unlikely to quit

    Once the Middle East war dust clears away and the region is back to normal, Iraq could renew demands for higher OPEC oil production quota. Analysts believe Iraq could be motivated by the UAE’s decision to exit OPEC and the fact that its current quota is …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 3, 2026

    Saudi Arabia and Russia draw closer amid OPEC upheaval

    Russia and Saudi Arabia each produce between 9-10 million barrels of oil a day. Together, they account for over 20% of total world oil production. This gives them significant control over supply, despite Western sanctions and price caps on Russian oil …

    Source: Deutsche Welle - Public Broadcaster
  • Published on Jun 2, 2026

    Iraq’s crude oil exports drop by over 97% in May

    Baghdad (IraqiNews.com) – Iraq’s crude oil exports fell by 3.22 million barrels per day in May 2026, a loss of more than 97 percent, owing to continuous disruptions in marine traffic in the Strait of Hormuz caused by the war against Iran. Iraq’s seaborne …

    Source: Iraqi News - Indeterminate
  • Published on Jun 2, 2026

    Crude Oil Prices Rally on US-Iran Peace Uncertainty

    Oil production with Iran flag by EVER STOCK via Shutterstock July WTI crude oil (CLN26) on Tuesday closed up +1.60 (+1.74%), and July RBOB gasoline (RBN26) closed up +0.0596 (+1.83%). Crude oil prices settled sharply higher on Tuesday amid uncertainty over …

    Source: Barchart - Pending
  • Published on Jun 1, 2026

    Crude oil rises 2% on renewed bullish sentiment

    Traders are closely monitoring developments involving Iran and regional security conditions around the Strait of Hormuz, one of the world's most important energy chokepoints. Roughly one-fifth of globally traded crude oil and petroleum products pass …

    Source: Gulf News - Gov't Propaganda
  • Published on 14:51 GMT

    China’s Oil Retreat Is the Only Thing Standing Between the World and an Energy Crisis

    EBM Markets Analysis — By Nick Staunton, Editor-in-Chief One-fifth of the world’s oil supply has been effectively removed from global markets for over three months. The Strait of Hormuz remains closed to most commercial shipping. Twelve million barrels per …

    Source: European Business Magazine - Indeterminate
  • Published on May 31, 2026

    Iran conflict disrupts Gulf energy, impacts crude oil prices globally

    ## Market Snapshot Crude Oil All Time High Predictions market currently shows 20.5% YES for September 30, down from 21% 24 hours ago. Meanwhile, WTI Crude Oil Price in June 2026 market shows a 10% YES for hitting $120, down from 11% 24 hours ago. ## Key …

    Source: Crypto Briefing - Neutral
  • Published on May 31, 2026

    US imports no Iraqi crude oil during last week

    2026-05-31T07:21:22+00:00 font Enable Reading Mode A- A A+ Shafaq News- Baghdad/ Washington Iraq, OPEC's second-largest oil producer, exported no crude oil to the United States during the last week, compared with 67,000 barrels per day (bpd) the …

    Source: Shafaq News - Indeterminate
  • Published on Jun 3, 2026

    Oil Trading Higher for Third Consecutive Session

    In a statement posted on his X page today, Ole S. Hansen, Head of Commodity Strategy at Saxo Bank, highlighted that crude oil is trading higher for a third consecutive session. Hansen pointed out in the statement that the Brent price was trading above $97 …

    Source: Rigzone - Neutral
  • Published on Jun 3, 2026

    Iraq Looks to Triple Pipeline Oil Exports as Hormuz Remains Closed

    Iraq plans to triple within three months its exports of crude oil through Kurdistan to the Turkish Mediterranean port of Ceyhan as OPEC’s second-largest producer is one of the Middle East’s producers worst affected by the closed Strait of Hormuz. The Iraqi …

    Source: Oil Price - Neutral
  • Published on 03:50 GMT

    Trump: All-out war with Iran unlikely unless US forces suffer fatalities

    In a statement that could influence geopolitical markets, former U.S. President Donald Trump said an all-out war with Iran is unlikely unless American forces suffer fatalities. This announcement comes amid ongoing tensions in the Middle East and has …

    Source: Crypto Briefing - Neutral
  • Published on May 30, 2026

    US-Iran Peace Hopes Weigh on Crude Oil Prices

    July WTI crude oil (CLN26) on Friday closed down -1.54 (-1.73%), and July RBOB gasoline (RBN26) closed down -0.0665 (-2.14%).  Crude oil and gasoline prices retreated on Friday, with crude oil falling to a 5-week low.  Crude prices are under pressure after …

    Source: Nasdaq - Neutral
  • Published on 02:28 GMT

    Is Chevron Corporation (CVX) One of the Top Undervalued Blue Chip Stocks Analysts Recommend for Smart Investing?

    Chevron Corporation (NYSE:CVX) is one of the top 10 undervalued blue chip stocks analysts recommend for smart investing. On May 26, Barclays lifted the price target on Chevron Corporation (NYSE:CVX) to $213 from $192 and maintained an Equal Weight rating …

    Source: Yahoo Finance - Center-left
  • Published on Jun 3, 2026

    Iranian drones strike Kuwait airport as US-Iran clashes escalate in Persian Gulf

    Market Snapshot Crude oil all-time-high markets are priced at 23.5% YES (September 30) and 28% YES (December 31). WTI $120 high scenarios for June sit at 16.5% YES, up from 11% a week ago. Key Takeaways Pricing appears consistent with growing YES-outcome …

    Source: Crypto Briefing - Neutral
  • Published on Jun 3, 2026

    Nigeria’s oil GDP grows 2.57% as production slips

    Nigeria’s oil sector expanded in the first quarter of 2026, posting its second consecutive year-on-year growth even as actual crude output declined, underscoring the widening gap between sector performance metrics and on-the-ground production realities. …

    Source: Business Day - Neutral
  • Published on Jun 3, 2026

    Oil Prices Head for Highest Levels in Over a Week

    Wed 03 Jun 2026 | 11:52 PM Oil prices surged toward their highest levels in more than a week on Wednesday after fresh data showed a continued decline in U.S. crude inventories, while ongoing tensions involving the United States and Iran fueled concerns …

    Source: Sada Elbalad - Gov't Propaganda
  • Published on May 28, 2026

    Crude Oil Prices Supported as Strait of Hormuz Remains Closed

    July WTI crude oil (CLN26) today is up +0.37 (+0.42%), and July RBOB gasoline (RBN26) is up +0.0168 (+0.55%).  Crude oil and gasoline prices recovered from early losses and moved higher today after US forces struck Iranian military targets for the second …

    Source: Nasdaq - Neutral
  • Published on May 28, 2026

    Brent crude oil price falls as futures settle lower at $93.71 per barrel

    Brent crude futures closed lower on Friday as oil prices continued to face pressure from cautious market sentiment. The global benchmark fell 0.62% and settled at $93.71 per barrel. The decline came after a volatile trading session where investors reacted …

    Source: Business Upturn - Neutral
  • Published on May 27, 2026

    Crude Oil Prices Sink as Hormuz-Reopening Talks Continue

    Strait of Hormuz by artemegorovv via Shutterstock July WTI crude oil (CLN26) on Wednesday closed down -5.21 (-5.55%), and July RBOB gasoline (RBN26) closed down -0.0798 (-2.54%).  Crude oil and gasoline prices on Wednesday fell sharply for a second day, …

    Source: Barchart - Pending

27 days 05:01:05

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