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OPEC+ Slightly Raises September 2026 Production Quotas by 188,000 Barrels per Day
At an online meeting on Sunday, the OPEC+ group decided to lift its September oil‑output allowances by 188,000 barrels per day – a modest adjustment that mirrors the changes made in recent months. With voluntary cuts now fully unwound, the alliance’s next hurdle is to balance any emerging surplus as...

Brent Crude Slides Below $72 Amid Growing Supply Pressure
Brent crude fell below the $72 per barrel threshold on Monday, reaching its lowest level since late February. The decline is linked to a gradual retur...

OPEC+ Approves Additional Oil Production Boost Starting August
The OPEC+ group announced on Sunday that it will raise its collective oil‑output target by another 188,000 barrels per day beginning in August. The mo...

Brent Crude Surges Past $97 a Barrel Amid Renewed Israel‑Iran Tensions
After two consecutive days of decline, Brent crude jumped more than 4% to break the $97‑per‑barrel barrier. The rally was sparked by fresh missile exc...

OPEC+ Raises Oil Production Targets Amid Middle East Tensions
OPEC+ disclosed a fourth straight raise of its daily oil output quota, responding to ongoing supply disruptions caused by the US‑Iran conflict and the...

UAE Fast‑Tracks New West‑East Oil Pipeline to Secure Export Routes Amid Hormuz Tensions
The United Arab Emirates have ordered a faster delivery of the West‑East oil pipeline, a 360‑km project that will double ADNOC’s export capacity throu...
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OPEC Cuts 2026 Global Oil Demand Growth Forecast Amid Geopolitical Turmoil
OPEC has trimmed its 2026 global oil demand growth forecast, reflecting weaker demand expectations due to lingering geopolitical shocks, while still p...

OPEC+ Approves Third Consecutive Production Hike Amid Strait of Hormuz Tensions
OPEC+ has consented to raise its output by roughly 188,000 barrels per day in June, marking the third straight monthly increase since the United State...
Moroccan Stock Markets Show Resilience: 2.9% Surge in Q2 2019 Despite Economic Challenges
In Q2 2019, SafranBank Group reported a 2.9% year-over-year revenue growth despite macroeconomic headwinds. The Moroccan stock market demonstrated res...

UAE to Exit OPEC and OPEC+ Effective May 1, 2026, Shaking Global Energy Cartel
The United Arab Emirates announced on April 28, 2026, that it will withdraw from OPEC and OPEC+ effective May 1, 2026, in a move that deals a major bl...

Morocco Secures €500 million OPEC Fund Partnership to Boost Sustainable Growth
During a side‑event at the World Bank and IMF Spring Meetings in Washington, Finance Minister Nadia Fettah El Ouaradi met with Abdulhamid Al Khalifa, ...

OPEC Cuts Q2 Oil Demand Forecast Amid Middle East Conflict
The Organization of the Petroleum Exporting Countries (OPEC) has lowered its forecast for global oil demand in the second quarter of 2026 by 500,000 b...

OPEC+ Green‑Lights Theoretical Production Boost as Middle East Tensions Soar
OPEC+ has agreed to a nominal increase of 206,000 barrels per day for May, but the move is largely symbolic as members are cutting output due to ongoi...

Oil Prices Spike Over 5% Amid Renewed Middle East Conflict
Crude oil benchmarks surged more than 5% on March 11, 2026, as renewed fighting in the Middle East and uncertainty over Iran’s conflict pushed markets...
