OPEC+ Unveils Larger-Than-Expected Oil Production Increase in August; Algeria to Contribute Additional 12,000 Barrels Daily
July 5, 2025
On Saturday, eight nations within the OPEC+ alliance reached a consensus to elevate their combined crude oil production by 548,000 barrels per day, marking a significant step in the gradual rollback of voluntary supply reductions. ...
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Crude Oil Maintains Strength Above Key Moving Average
June 17, 2025
Crude oil continues to demonstrate resilience, maintaining its position above the crucial 200-Day Moving Average (MA). Recent market patterns indicate a potential upward trajectory, particularly if the resistance level at $76.29 is surpassed. Crude oil ...
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Oil Prices Respond to Escalating Middle East Tensions
June 16, 2025
The oil market faced notable volatility on Monday following a significant surge of 7% on Friday. Renewed military actions between Israel and Iran over the weekend have heightened fears that the conflict could spread throughout ...
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