Global oil demand is set to grow by 1.1 million barrels per day (bpd) this year to a new record…
Browsing: OPEC Announcements
While solar capacity additions remained the top U.S. source of new power for the fifth consecutive year in 2025, installations…
The oil market would experience “catastrophic consequences” if the halt to Strait of Hormuz tanker traffic continues, according to Saudi…
The largest oil producers in the Middle East Gulf have deepened production cuts and are already lowering output by a…
Crude oil imports into China climbed 15.8% over the first two months of the year, with the information likely to…
Saudi Aramco reported net profits of $104.7 billion for 2025, down by 12% on the year amid persistently low oil…
Iran has warned that “not a litre” of oil will be exported from the Middle East until the United States…
The global oil market has demonstrated extreme volatility in recent sessions, swinging dramatically from multi-year highs to a significant correction,…
The Group of Seven (G7) finance ministers recently delivered a pivotal non-decision, opting to delay any immediate release of oil…
JP Morgan has warned that Iran’s oil production could be slashed in half and oil exports could virtually stall if…