A “seismic” shift for oil markets? Analysts say the UAE’s departure could reshape OPEC+ influence for years, despite ongoing supply disruptions keeping prices elevated. SourceContinue Reading

bp has signed an agreement with Venezuela to explore offshore natural gas, marking a renewed push by international companies into the country’s reopening energy sector. SourceContinue Reading

Oil Rallies Toward $120 As Middle East Supply Risks Spiral | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Apr 29, 2026, 5:00 PM CDT Oil prices surged on tighter U.S. measures against Iran and the UAE’s OPEC exit,...Continue Reading

Fertilizer Prices Have Doubled Since the Strait Closed | OilPrice.com Haley Zaremba Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the… More Info Premium Content By Haley Zaremba – Apr 29, 2026, 4:00 PM CDT Half of all global...Continue Reading

Nabors says Middle East conflict is driving higher costs and logistics challenges, but international drilling demand remains strong. SourceContinue Reading

Hormuz Blockage Boosts Panama Canal Oil Tanker Traffic | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Apr 29, 2026, 3:00 PM CDT Asian buyers are increasingly sourcing U.S. crude via...Continue Reading

Oil prices surged toward $120 per barrel as the Iran war and continued closure of the Strait of Hormuz tighten global supply and fuel a growing energy crisis. SourceContinue Reading

Venezuelan Crude Will Eventually Lower US Gas Prices: Chevron Exec | OilPrice.com Andrew Topf With over two decades of journalistic experience working in newspapers, trade publications and as a mining reporter, Andrew Topf is a seasoned writer specializing in… More Info Premium Content By Andrew Topf – Apr 29, 2026, 2:00 PM CDT U.S. gasoline...Continue Reading

President Trump has rejected Iran’s proposal to reopen the Strait of Hormuz, maintaining a naval blockade that continues to disrupt global oil supply. SourceContinue Reading

They may have agreed on a provisional peace agreement last August, but Armenia and Azerbaijan nevertheless each had some of the highest military spending as a share of GDP in the world in 2025, according to data compiled by the Stockholm International Peace Research Institute.  Azerbaijan ranked 6th (6.5 percent) and Armenia 7th (6.1 percent)...Continue Reading