global oil market

OPEC+ to Boost Oil Production by 137,000 Barrels per Day from October 2025, Marking Strategic Pivot

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OPEC+ has agreed in principle to raise oil production by 137,000 barrels per day starting October 2025, marking a major shift from supporting high prices to reclaiming market share. The move follows earlier output hikes in 2025 and comes amid falling crude prices, U.S. pressure for cheaper oil, and growing concerns of a global oversupply. …

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Russian President Putin Plays It Cool: No Urgent Action Needed as Oil Prices Surge Amid Israel-Iran Conflict

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Russian President Putin Says No Urgent Action Needed as Oil Prices Surge Amid Israel-Iran Conflict:In a week of wild swings in the global oil markets, crude prices have surged sharply amid escalating tensions between Israel and Iran. Yet, Russian President Vladimir Putin remains calm, suggesting no urgent intervention is needed from OPEC Plus. As markets …

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