Oil Prices Surge After Iran Attack
How long prices remain high will depend on what the United States, Israel and Iran do next.
How long prices remain high will depend on what the United States, Israel and Iran do next.
The cartel pledged to increase output by 206,000 barrels a day from next month, and said that members would “closely monitor and assess market conditions.”
Having reshaped the company, Sultan Ahmed Al Jaber wants to expand internationally, particularly in natural gas, chemicals and renewables.
A fragile cease-fire in the Middle East and an oil supply chain without significant disruptions have helped keep gas prices stable.
A fragile cease-fire in the Middle East and an oil supply chain without significant disruptions have helped keep gas prices stable.
Industry experts are examining possible scenarios, including one in which the price of oil doubles this year.