Category : Search result: Opec

Trump's $3bn Venezuela Oil Gamble: The High Costs and Huge Risks

Trump's High-Risk Venezuela Oil Gamble Faces Major Hurdles

Donald Trump's move to seize Venezuelan crude faces immense challenges: a $183bn repair bill, falling oil prices, and peak demand. Can this high-stakes gamble pay off?

09/01/2026 15:27

Saudi Aramco Halts UAE Fuel Supplies in Strategic Oil Production Dispute

Saudi Aramco halts UAE fuel supplies in OPEC+ dispute

Saudi Arabia's state oil giant Aramco has suspended fuel supplies to the United Arab Emirates amid tensions over OPEC+ production agreements, signalling a deepening rift between the Gulf allies.

04/11/2025 06:40

OPEC Puts Brakes on Oil Production as Prices Surge, UK Manufacturing Feels the Squeeze

OPEC pauses oil output hikes as prices surge

Global oil markets face turbulence as OPEC+ unexpectedly pauses planned output increases, sending prices soaring while UK manufacturing activity contracts sharply.

03/11/2025 06:30

Oil Prices Plummet: Worst Weekly Drop in Months as OPEC+ Struggles to Stabilise Markets

Oil Prices Plummet in Worst Weekly Drop Since June

Global oil markets face significant turbulence as prices head for their steepest weekly decline since June, with OPEC+ production cuts failing to offset weakening demand and economic concerns.

03/10/2025 05:36

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