EDITOR'S ANALYSIS
US likely to benefit as UAE shifts oil strategy away from OPEC, experts say
UAE wants to supply more oil than its OPEC quota and that could help push down prices once the Strait of Hormuz opens.
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Mapping Iran’s oil and gas sites and those attacked by Israel
Iran is a top 10 oil and gas producer, making its energy sites crucial to both regional and global markets.
Iran calls for OPEC to unite against potential US oil sanctions
Iranian president urges members to unite after Trump again initiates ‘maximum pressure’ sanctions campaign.
From: Counting the Cost
Who will pay for rebuilding Gaza?
With mass destruction and millions of tonnes of rubble, rebuilding Gaza requires tens of billions of dollars.
Published On 29 Jan 2025
Russia-Ukraine war: List of key events – day 1,066
Here are the key developments on the 1,066th day of Russia’s full-scale invasion of Ukraine.
Angola to leave OPEC over disagreement on oil production quotas
Oil minister says country ‘gains nothing’ from remaining in the group after disagreements emerge over production cuts.
OPEC+ agrees voluntary oil production cuts
Saudi Arabia, Russia and other members of OPEC+ agreed to voluntary output cuts for the first quarter of 2024.
From: Counting the Cost
Will food prices get higher?
The war in Ukraine, heatwaves and export bans on essential staples – threats to food supplies are rising once again.
Published On 29 Jul 2023
Iraq approves record $153bn budget aimed at creating jobs
Iraq passes its largest budget till date aimed at creating public sector jobs and build war-damaged infrastructure.
From: Counting the Cost
How will Saudi Arabia’s oil output cut affect prices?
Saudi Arabia goes it alone in cutting oil production by one million barrels a day starting in July.
Published On 10 Jun 2023
Saudi Arabia to cut oil output by 1 million barrels a day in July
The rest of the OPEC+ oil producers agreed to extend earlier cuts in supply through the end of 2024.
