Global energy leaders are gathering to decide whether to release emergency oil reserves as production and export disruptions tied to…
Browsing: OPEC Announcements
Marine fuel supply at the major Middle East bunkering hub of Fujairah has been disrupted after debris from an intercepted…
State Bank of India, the largest lender in the country, continues to shun processing payments for purchases of Russian oil…
Global oil demand is set to grow by 1.1 million barrels per day (bpd) this year to a new record…
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…