Browsing: OPEC Announcements

Goldman Sachs commodity analysts have followed suit with the International Energy Agency, revising their predictions for oil demand much higher.By…

Carlyle is in talks with Lukoil for the potential acquisition of the latter’s international operations, Reuters has reported, citing unnamed…

Oil prices climbed in early Asian trade on Friday as markets responded to renewed attacks by Ukraine against energy infrastructure…

Germany has agreed to subsidize electricity for its heavy industries, capping prices at about €0.05 per kilowatt-hour from 2026 through…

Nearly a third of Russia’s current seaborne oil export potential is now stuck in tankers as the U.S. sanctions upend…

Nigeria is abandoning plans to impose a 15% duty on imported refined petroleum products, which is a blow to its…

Oil prices steadied on Wednesday after a sharp 4% slide the day before, with Brent trading near $63.08 and WTI…

The surplus on the oil market next year will be even higher than previously expected, the International Energy Agency (IEA)…

Hungarian oil company MOL is close to buying an 11.3% stake in Serbia’s only refinery from its Russian owners, Serbian…

Energy operators offshore Norway expect to invest $24.8 billion (249 billion Norwegian crowns) in oil and gas activities next year,…