OPEC Oil Production
FILE - Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, on March 21, 2021.
As featured on
NEW YORK (AP) — A handful of countries in the OPEC+ oil-producing alliance plan to increase …
The potential unraveling of a fragile truce between Iran and the United States has renewed anxiety over fuel prices. It’s raising concern that gasoline prices could go up again if sustained fighting keeps oil tankers from traveling through the Persian Gulf. Oil prices rose to their highest point in weeks after President Donald Trump declared the U.S. ceasefire with Iran over on Wednesday. Trump spoke after Iranian attacks on commercial ships in the Strait of Hormuz and on American military sites in other Gulf nations. Costlier crude oil could lead to costlier gas station fill-ups. That could happen as drivers in many countries were getting a break from elevated prices brought on by the war.
NEW YORK (AP) — Big oil companies continue to book massive profits as fighting in Iran disru…
Get up-to-the-minute news sent straight to your device.