OPEC oil production hits a decades-low amid US-Iran tensions. Crude oil reaches a new all-time high by December 31 at 25.5% YES.

US oil stockpiles hit their lowest level since 2004, raising concerns over supply. Crude oil reaching a new all-time high by December 31 at 27.5% YES.

OPEC oil production hits a decades-low amid US-Iran tensions. Crude oil reaches a new all-time high by December 31 at 25.5% YES.

US crude stockpiles hit their lowest level since 2004 amid Iran tensions. Crude oil reaching a new all-time high by December 31 at 24.5% YES.

OPEC crude output fell to 16.33 million barrels per day in May 2026, the lowest in decades, as US sanctions and a naval blockade crushed Iranian exports.

OPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its member countries. Despite setbacks,…

Seven members of OPEC+, which groups OPEC and allied producers including Russia, increased output quotas from April to June by almost 600,000 barrels per day.

Analyst says the increase means little as long as the strait remains closed

OPEC+ approved its fourth consecutive oil output hike of 188,000 bpd, but the Strait of Hormuz closure means targets remain symbolic. Here's what it means