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Russian Finance Minister: (Regarding the UAE's withdrawal from OPEC) This means the UAE will produce as much oil as possible; oil prices will fall.

2026-04-29

Russian Finance Minister: (Regarding the UAE's withdrawal from OPEC) This means the UAE will produce as much oil as possible; oil prices will fall.

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2026-04-29

Total Energy CEO: Based on all the scenarios I've seen, I expect crude oil prices to be at least $80 per barrel in 2026.

Total Energy CEO: Based on all the scenarios I've seen, I expect crude oil prices to be at least $80 per barrel in 2026.
2026-04-29

The U.S. Department of the Treasury warned financial institutions of sanctions risks tied to Chinese refiners processing Iranian crude, signaling potential secondary sanctions. The Office of Foreign Assets Control said smaller private refiners, parti

The U.S. Department of the Treasury warned financial institutions of sanctions risks tied to Chinese refiners processing Iranian crude, signaling potential secondary sanctions. The Office of Foreign Assets Control said smaller private refiners, particularly in Shandong, face blacklisting exposure. The move increases pressure on Iran and could heighten tensions with China ahead of a planned summit between Donald Trump and Xi Jinping. The US also sanctioned 35 entities linked to Iran’s shadow banking network and warned against payments tied to transit through the Strait of Hormuz.
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