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The Latest Breaking News from OPEC

OPEC+ boosts September production by 188,000 barrels/day

LONDON - Saudi Arabia, Russia and five other key members of OPEC+ agreed in an online meeting Sunday to boost oil production by 188,000 barrels a day from September, against a backdrop of disruption caused by the Mideast war.

Bangkok Post

OPEC+ Agrees To Boost Oil Output. It May Not Reflect In Market Soon.

Export disruptions from the Gulf, Russia and Kazakhstan due to geopolitical conflicts meant that successive OPEC+ have remained largely on paper, causing little impact on the market. Major oil producers in the Gulf have not been able to increase exports due to the closure of Hormuz enforced by Iran.

International Business Times

OPEC+ agrees September oil hike, completing rollback of voluntary cuts

OPEC+ approved an oil production increase of 188,000 barrels daily for September. This move completes the unwinding of voluntary output cuts made earlier. The group is reviewing production capacity before setting new quotas for 2027. Attacks on energy assets remain a concern impacting supply and repairs.

The Economic Times

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OPEC+ tipped to raise oil output as Middle East war disrupts supplies

OPEC+ members are expected to increase oil production quotas for September. This move follows several months of similar production adjustments by the group. Many members face production capacity declines, making target increases less meaningful. Gulf countries struggle with exports due to Strait of Hormuz disruptions. Russia's oil infrastructure has also…

The Economic Times

Supply Disruptions Underpin Crude Oil Prices

September WTI crude oil (CLU26 ) on Friday closed up +1.08 (+1.29%), and September RBOB gasoline (RBU26 ) closed down -0.0171 (-0.55%). Crude oil and gasoline prices settled mixed on Friday. Crude oil rose sharply due to threats to global supplies with disruptions in the Strait of Hormuz and the...

Barchart

'Trump Administration's Unofficial Adviser On Venezuela, Mauricio Claver-Carone, Leaves His Role' - Reuters Exclusive

An unofficial adviser to the Trump administration who has played a leading role in shaping U.S. Venezuela policy and multimillion-dollar deals to exploit the OPEC state's vast oil resources has told Reuters he is no longer overseeing the portfolio.

Benzinga

Crude Oil Prices Climb as Global Supplies Are Disrupted

September WTI crude oil (CLU26 ) today is up +1.65 (+1.97%) on Thursday, and September RBOB gasoline (RBU26 ) is down -0.0103 (-0.33%). Crude oil and gasoline prices are mixed today. Crude oil is sharply higher due to threats to global supplies with disruptions in the Strait of Hormuz and...

Barchart

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Current price of oil as of July 31, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Crude Oil Prices Drop on Increased Traffic Through Strait of Hormuz

September WTI crude oil (CLU26 ) closed down -0.87 (-1.03%) on Thursday, and September RBOB gasoline (RBU26 ) closed down -0.0945 (-2.93%). Crude oil and gasoline prices gave up an overnight advance and settled lower on Thursday in hopes of a diplomatic solution to the US-Iran war. Crude prices also...

Barchart

Crude Oil Prices Slip on Ongoing US-Iran Negotiations

September WTI crude oil (CLU26 ) today is down -0.16 (-0.19%), and September RBOB gasoline (RBU26 ) is down -0.0740 (-2.29%). Crude oil and gasoline prices gave up an overnight advance and turned lower on hopes for a diplomatic solution to the US-Iran war, along with signs of increased oil...

Barchart

Current price of oil as of July 30, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Crude Oil Prices Surge as US-Iran Conflict Looks to Drag On

September WTI crude oil (CLU26 ) on Wednesday closed up +5.20 (+6.56%), and September RBOB gasoline (RBU26 ) closed up +0.0815 (+2.59%). Crude oil and gasoline prices rallied sharply on Wednesday amid a fresh round of hostilities in the Middle East, which threatens global energy supplies. Gains in crude accelerated...

Barchart

Brent crude jumps 7%, climbs over $90 on escalating Middle East strikes

Oil prices surged significantly amid renewed Middle East airstrikes and supply concerns. U.S. crude inventories dropped to a multi-year low, further impacting market sentiment. Military actions in the Strait of Hormuz and surrounding regions contributed to price volatility. Analysts predict oil prices will fluctuate within a broad range in the…

The Economic Times

Crude Oil Prices Soar as US-Iran Tensions Escalate

September WTI crude oil (CLU26 ) today is up +5.31 (+6.70%), and September RBOB gasoline (RBU26 ) is up -0.0802 (+2.55%). Crude oil and gasoline prices are soaring today amid a fresh round of hostilities in the Middle East, which threatens global energy supplies. Gains in crude accelerated after President...

Barchart

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Fortune

Current price of oil as of July 29, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Barchart

Crude Oil Prices Sink on Renewed Hopes of a US-Iran Peace Deal

September WTI crude oil (CLU26 ) on Tuesday closed down -3.35 (-4.06%), and September RBOB gasoline (RBU26 ) closed down -0.0253 (-0.80%). Crude oil and gasoline prices settled sharply lower on Tuesday for a third day, with crude falling to a 1-week low. Crude prices added to Monday’s sharp losses...

Barchart

Crude Oil Prices Pressured by Optimism Over Iran Negotiations

September WTI crude oil (CLU26 ) today is down -3.25 (-3.93%), and September RBOB gasoline (RBU26 ) is down -0.0304 (-0.96%). Crude oil and gasoline prices are sliding today, with crude falling to a 1-week low. Crude prices added to Monday’s sharp losses today on optimism over negotiations to reopen...

Fortune

Current price of oil as of July 28, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

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Barchart

Crude Oil Prices Sink on Hopes for US-Iran Diplomacy

September WTI crude oil (CLU26 ) on Monday closed down -6.70 (-7.50%), and September RBOB gasoline (RBU26 ) closed down -0.0820 (-2.52%). Crude oil and gasoline prices sank on Monday, with gasoline falling to a 1-week low. The easing of tensions in the Middle East weighed on energy prices Monday...

Barchart

Crude Oil Prices Plunge as Supply Threats Ease

September WTI crude oil (CLU26 ) today is down -6.06 (-6.79%), and September RBOB gasoline (RBU26 ) is down -0.0679 (-2.10%). Crude oil and gasoline prices are sinking today, with gasoline falling to a 1-week low. The easing of tensions in the Middle East is weighing on energy prices today...

Fortune

Current price of oil as of July 27, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Barchart

Oil Prices Fall Back as Red Sea Oil Shipments Continue

September WTI crude oil (CLU26 ) is down -3.62 (-4.04%), and September RBOB gasoline (RBU26 ) is down -0.0929 (-2.79%). WTI crude oil prices (CLU26 ) are down by about -4% today, giving back much of Thursday’s rally of +6.17%. Meanwhile, Sep Brent crude oil prices (CBU26 ) have fallen...

Caixin Global

The Week Ahead (July 27-Aug. 2): CXMT Set for STAR Market Debut in Board’s Largest IPO

Zhongji Innolight plans Hong Kong’s largest listing this year; the U.S. Federal Reserve holds key interest-rate meeting

Fortune

Current price of oil as of July 24, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Barchart

Oil Prices Soar as US-Iran Conflict Expands to Red Sea

September WTI crude oil (CLU26 ) on Wednesday closed up +2.49 (+2.95%), and September RBOB gasoline (RBU26 ) closed up +0.0186 (+0.58%). WTI crude oil prices (CLU26 ) are up more than +6% today after the Iran-backed Houthis launched a missile and drone attack on two Saudi Arabian oil tankers...

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