Kuwait’s crown prince dissolves parliament, calls for early election

Kuwait’s crown prince on Wednesday dissolved parliament and called for an early election following a stand-off between the government and elected assembly that has hindered fiscal reform. Crown Prince Sheikh Meshal al-Ahmad al-Sabah said in a televised speech that decrees would be issued for the dissolution of parliament, the Gulf region’s oldest and most lively, … Read more

OPEC’s Barkindo says common objective with non-OPEC partners is market stability

OPEC Secretary General Mohammad Barkindo attends a session during Egypt’s 5th Petroleum Show “EGYPS 2022” at the capital city of Cairo, Egypt, February 14, 2022. REUTERS / Amr Abdallah Dalsh / Files Register now for FREE unlimited access to Reuters.com Register BAGHDAD, June 18 (Reuters) – The common objective of the Organization of the Petroleum … Read more

China Market: Oil consumers face a summer of pain as China starts coming back to market

Oil bulls are starting to picture a world in which China, the engine of demand growth, comes back to the market. And if their analysis is right, the summer is going to be painful for oil consumers everywhere who’re already facing spiraling prices – whether that’s Americans paying about $ 5 a gallon of gasoline, … Read more

This leads to a politically deadly situation: Forbes – Fox Business

This leads to a politically deadly situation: ForbesFox Business

High oil prices are here to stay. Here’s why

London CNN Business – Oil prices have roared back to about where they were in the early days of Ukraine war, and there’s no prospect of significant relief for drivers and businesses any time soon. The price of Brent crude, the global benchmark, shot up past $ 124 a barrel earlier this week – its … Read more

Soaring gas prices in Iowa may not come down for some time

Gas prices in Iowa took another big jump in Iowa Friday.AAA reports gas prices increased to $ 4.49 overnight. That’s a 10-cent hike from Thursday.Nationally, AAA reports the average is $ 4.76 per gallon, a 5-cent increase.Drive by a gas station and the evidence of inflation is right there on the sign. Economic experts say … Read more

OPEC + to boost oil output in July, decision to ease surging prices | World Busines Watch | WION News – WION

OPEC + to boost oil output in July, decision to ease surging prices | World Busines Watch | WION NewsWION OPEC + alliance boosts oil production as energy prices soarNBC News Russian oil production falls by 1 million barrels per day | DW NewsDW News WTI rallies into the close, adding over 2% as US … Read more