Global Gas Flaring Surges to 17-Year High
Despite big promises by oil majors to reduce gas flaring, the practice continues to be a major issue,…
U.S. Threatens IEA Withdrawal Over ‘Politicized’ Energy Forecasts
Energy Secretary Chris Wright speaks with reporters at the White House, Wednesday, Feb. 26, 2025, in … More…
Russia’s Oil Export Revenues Dip 14%
Russia’s export revenue from crude oil and petroleum products slumped by 14% in June compared to the same…
Six more locations for monster reserves to stock up crude oil for India
The government has asked state-run Engineers India Ltd (EIL) to make detailed feasibility reports (DFRs) to build such…
IEA Doubles Down On Peak Oil Demand Forecast
A peak in global oil demand is still on the horizon, the International Energy Agency (IEA) said on…
OPEC Chief Claims Oil Demand Growth Is Here to Stay
Crude oil demand will continue growing over the coming decades as the world’s population increases, the secretary-general of…
Russia’s Crude Oil Export Revenues Hit Two-Year Low as Prices Dip
The value of Russian crude oil exports have sunk in May to the lowest level in over two…
IEA: Global oil market plagued by tariffs
In its latest report International Energy Agency (IEA) finds that after a period of relative calm, global oil…
Crude oil futures decline after IEA lowers demand forecast
IEA monthly oil market report said that global oil prices tumbled by around $10 a barrel in March…
Unpredictability clouds crude oil market
PETALING JAYA: The outlook for the crude oil market for this year is plagued with uncertaintiy arising from…
Oil’s Oversupply Spiral: Can Prices Stay Above $60?
The International Energy Agency just threw a bucket of ice water on oil bulls, reporting that crude supply…
Iran Sanctions Prop Up Oil Prices
A new round of sanctions targeting Iran’s oil industry and the country’s oil minister boosted oil prices earlier…