Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from OPEC

Oil Price Today (July 6): Crude oil extends fall, hovers below $72. Here are 2 major reasons for the decline

Brent crude futures slipped 24 cents, or 0.e33%, to $71.88 a barrel. U.S. West Texas Intermediate crude fell 11 cents, or 0.16%, to $68.58 a barrel. WTI did not settle on Friday as U.S. markets remained closed ahead of the Independence Day holiday on Saturday.

The Economic Times

OPEC+ to boost crude output, but can it deliver and who will buy?

OPEC+ has boosted oil production quotas for the fifth consecutive month, raising questions about shipping capacity and buyer demand. While Middle East exports are recovering post-conflict, they remain below pre-war levels. The market anticipates a return to oversupply, contingent on stable shipping routes and China's re-entry into the market, which…

The Economic Times

Oil slips after OPEC+ agrees to raise output targets

Oil prices dipped as OPEC+ agreed to boost output from August, with key producers seeing recovering exports via the Strait of Hormuz. Despite the planned increase, actual output may be capped due to ongoing geopolitical tensions. Gulf oil exports are reviving but still lag pre-conflict levels, while Russia's crude shipments…

The Economic Times

From analysis to the latest developments in health,
read the most diverse news in one place.

7 OPEC+ countries agree to expand monthly oil production modestly as prices slide

A handful of countries in the OPEC+ oil-producing alliance are planning to increase their outputs modestly next month

The Independent UK

OPEC+ Raises Output Target For August. Smooth Sailing Seen For Oil Price Trajectory

OPEC+ has agreed to a provide a significant boost to oil output by raising targets from August aimed to further add to global oil supplies after the Middle East conflict spurred prices to as high as $120 a barrel.

International Business Times

OPEC+ Agrees To Raise Output Even as Hormuz Shipping Security Remains Uncertain

OPEC+ members agreed to raise their collective oil‑production quotas from August even as crude shipments through the Strait of Hormuz remain uncertain.

Benzinga

OPEC+ tipped to raise quotas again as Middle East calms

Seven OPEC+ nations, including Saudi Arabia and Russia, are poised to increase oil production quotas for August, aiming to recover from disruptions caused by the Middle East war. Analysts predict a gradual return to normal output levels, though restarting shut-in production will take time.

The Economic Times

Read news from The Economist, FT, and more,
with one subscription

Crude Oil Prices Recover as the Dollar Weakens

August WTI crude oil (CLQ26 ) on Thursday closed up +0.11 (+0.16%), and August RBOB gasoline (RBQ26 ) closed down -0.0279 (-0.95%). Crude oil and gasoline prices settled mixed on Thursday. Crude oil recovered from a 4.25-month low on Thursday and posted modest gains as short covering emerged after the...

Barchart

Crude Prices Tumble as Global Oil Supplies Normalize

August WTI crude oil (CLQ26 ) today is down -0.91 (-1.33%), and August RBOB gasoline (RBQ26 ) is down -0.0758 (-2.57%). Crude oil and gasoline prices extended their three-week-long slide today, with crude falling to a new 4.25-month low. Crude prices are falling today as an increase in Middle Eastern...

Barchart

Current price of oil as of July 2, 2026

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

Fortune

Oil falls after US, Iran talks conclude in Doha

Oil prices dipped as Qatar reported positive progress in indirect Iran-U.S. talks concerning the vital Strait of Hormuz. Despite recent exchanges, tanker traffic is recovering, with U.S. officials noting a return to pre-war levels. This, coupled with anticipated OPEC+ output hikes and a smaller-than-expected draw in U.S. crude inventories, is…

The Economic Times

Crude Prices Slide as Geopolitical Risks Ease

August WTI crude oil (CLQ26 ) on Wednesday closed down -0.92 (-1.32%), and August RBOB gasoline (RBQ26 ) closed up +0.0503 (+1.74%). Crude oil and gasoline prices settled mixed on Wednesday, with crude falling to a 4.25-month low and gasoline rising to a 1-week high. Crude prices were under pressure...

Barchart

Crude Prices Retreat on Progress in US-Iran Peace Talks

August WTI crude oil (CLQ26 ) today is down -1.26 (-1.81%), and August RBOB gasoline (RBQ26 ) is up +0.0335 (+1.16%). Crude oil and gasoline prices are mixed today, with crude falling to a 4.25-month low and gasoline rising to a 1-week high. Crude prices are under pressure today amid...

Barchart

Current price of oil as of July 1, 2026

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

Fortune

Get all your
news in one place.

100's of premium titles.
One news app.

Barchart

Crude Prices Fall as Global Oil Supply Risks Ease

August WTI crude oil (CLQ26 ) on Tuesday closed down -1.25 (-1.77%), and August RBOB gasoline (RBQ26 ) closed down -0.0063 (-0.22%). Crude oil and gasoline prices retreated on Tuesday, with crude settling sharply lower. Crude oil prices gave up an early advance and turned lower on Tuesday amid signs...

Barchart

Crude Prices Slip as Global Oil Supply Risks Recede

August WTI crude oil (CLQ26 ) today is down -0.59 (-0.83%), and August RBOB gasoline (RBQ26 ) is up +0.0078 (+0.27%). Crude oil and gasoline prices are trading mixed today. Crude oil prices gave up an early advance and turned lower today amid signs that more crude is flowing through...

Fortune

Current price of oil as of June 30, 2026

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

The Times of India

UAE announces petrol and diesel prices for July 2026; fuel rates cut after four months of hikes

UAE motorists can finally breathe easier as fuel prices for July 2026 see a significant drop, ending a four-month surge. This welcome relief follows a cooling in global oil markets, with diesel prices falling by nearly 17% and petrol by almost 14%. Drivers can expect substantial savings on full tanks,…

Get all your
news in one place.

100's of premium titles.
One news app.

Barchart

Reduced Tanker Flows Through Strait of Hormuz Boosts Crude Prices

August WTI crude oil (CLQ26 ) on Monday closed up +1.52 (+2.20%), and August RBOB gasoline (RBQ26 ) closed up +0.0753 (+2.66%). Crude oil and gasoline prices settled sharply higher on Monday amid escalating tensions in the Strait of Hormuz, which have slowed the flow of oil tankers through the...

Barchart

Crude Oil Prices Climb as Tanker Traffic Slows Through Strait of Hormuz

August WTI crude oil (CLQ26 ) today is up +1.23 (+1.78%), and August RBOB gasoline (RBQ26 ) is up +0.0732 (+2.59%). Crude oil and gasoline prices are moving sharply higher today amid escalating tensions in the Strait of Hormuz, which have slowed the flow of oil tankers through the strait....

Barchart

Crude Oil Prices Fall Sharply as Global Supply Risks Ease

August WTI crude oil (CLQ26 ) on Friday closed down -2.69 (-3.74%), and August RBOB gasoline (RBQ26 ) closed down -0.0765 (-2.64%). Crude oil and gasoline prices settled sharply lower on Friday, with crude posting a fresh 4-month low. An acceleration of oil tankers out of the Persian Gulf is...

Barchart

Crude Oil Prices Sink as Supplies Out of the Persian Gulf Accelerate

August WTI crude oil (CLQ26 ) today is down -3.18 (-4.42%), and August RBOB gasoline (RBQ26 ) is down -0.1009 (-3.48%). Crude oil and gasoline prices are plunging today, with crude posting a fresh 4-month low. An acceleration of oil tankers out of the Persian Gulf is boosting global oil...

Fortune

Current price of oil as of June 26, 2026

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

Barchart

Crude Oil Prices Sharply Higher on Concerns of Reopening of Strait of Hormuz

August WTI crude oil (CLQ26 ) on Thursday closed up +1.58 (+2.25%), and August RBOB gasoline (RBQ26 ) closed up +0.1109 (+3.97%). Crude oil and gasoline prices erased early losses on Thursday and rallied sharply as short covering emerged on a report that an unknown projectile off the coast of...

International Business Times

Iraq Reportedly Considering Leaving OPEC If Quotas Are Not Raised After Iran War

Iraq is considering leaving OPEC if production quotas are not raised, according to a new report.

1 2 3 4 5

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.