Hany Fam is founder and CEO of Markaaz, the world’s first global platform to verify and connect every small business on the planet. Throughout my career, I have operated by the core belief that, ...

There is a wide variety of opinions on whether or not OPEC will deliver on its promised cuts of 1.2 million barrels per day, and a lot hangs in the balance. The difference between OPEC members ...

Iraq has already begun shutting in production as exports through the Strait of Hormuz become increasingly constrained. Roughly 1.5 million barrels per day are reportedly offline, and officials have ...

DUBAI/LONDON, Nov 9 (Reuters) - Global oil spare production capacity could diminish next year as air passengers return to the skies, removing an important cushion that the market is currently enjoying ...

Saudi Arabia has pledged to cover any supply gap that may emerge as Iranian oil goes offline, but how much spare capacity does it really have? The massive reserve of spare capacity located in the ...

The world is misinterpreted the oil market by worrying too much about a potential recession in the near future, according to Saudi Aramco CEO Amin Nasser. Current oil prices indicate a focus on "short ...

LONDON (Reuters) - The strike on the heartland of Saudi Arabia's oil industry, including damage to the world's biggest petroleum-processing facility, has driven oil prices to their highest level in ...

The IEA’s closely-watched report comes shortly after crude had its biggest one-day drop in two years, amid heightened U.S.-China trade tensions and persistent global crude supply problems. OPEC, ...

Interpreting the Index > 0, supply chain capacity is being stretched. The further above 0, the more stretched supply chains are. Index The headline index came in at -0.29, signaling another month of ...

MOSCOW (Reuters) - Saudi Arabia will invest $20 billion in the next few years to maintain and possibly expand its spare oil production capacity, Saudi Energy Minister Khalid al-Falih said on Thursday.

LONDON, Oct 14 (Reuters) - The world's spare oil production capacity which helps smooth the market will fall by the end of 2022 as OPEC+ producers lift output, highlighting the need for more ...