The threat to “obliterate” Iran’s energy infrastructure, specifically Kharg Island and its oil wells, has sent shockwaves through the global energy market. As of March 30, 2026, the situation has already pushed prices to multi-year highs, and a fulfillment of this threat could lead to a historic price shock. 1. Immediate Market Reaction Oil prices […] Read more
OPEC heads into Thursday’s meeting with Russia and other allies with a better command of world oil prices than it has had in years, analysts said. OPEC+, the organization of oil-producing countries and its allies, is expected to consider adding between 500,000 and 1 million barrels per day, but analysts said there is some talk […] Read more
Oil prices jumped on Thursday after OPEC and its oil-producing allies said the group would keep production largely steady through April. Saudi Arabia also said that it would extend its one million barrels per day voluntary production cut into April. The group approved the continuation of current production levels for April, except that Russia and […] Read more
