OPEC

As American consumers feel the pinch of rising energy prices, the Biden administration struggles to find solutions.In the face of rising prices for petrol or gas – which currently…

Global financial markets have been rattled by concerns over interest rate hikes and wider lockdowns in China.Oil prices sank 4 percent on Monday alongside equities, as continued…

Global benchmark futures settled at $112.39 per barrel while US West Texas Intermediate climbed to $109.77 a barrel.Oil prices rose almost 1.5 percent on Friday, settling with a…

Both Brent and US crude benchmarks settled down around 13 percent.Oil settled lower on Friday as members of the International Energy Agency (IEA) agreed to join in the largest-ever…

The relationship with Moscow has been significant both economically and politically for the group as a whole, but especially for key members Saudi Arabia and the United Arab…

New York City, US – US President Joe Biden on Tuesday announced a ban on Russian oil and gas imports to the United States in retaliation for Russia’s military offensive in Ukraine,…