The Middle East is alight with conflict and threatens a significant amount of the world's oil production. Read why I am ...
Fuel prices fell 7% on month, the fastest rate this year. Oil prices hit their lowest level in years in September after oil cartel OPEC slashed its outlook for demand. Nonfuel imports meanwhile inched ...
A complete stop to Red Sea transits would sharply increase shipping bunker demand in 2024 as the knock-on impact of global ...
Inflation's downward trajectory, combined with slowing wage growth, emphasizes BOE Governor Bailey's recent comments that more aggressive interest rate cuts are possible, Swissquote Bank said, adding ...
Saudi Arabia’s oil production hike plan may not break Russia’s petro-export-fueled economy, but escalations between Iran and ...
In a report sent to Rigzone late Tuesday by Standard Chartered Bank Head of Commodities Research Paul Horsnell, analysts at the company, including Horsnell, said “the path of oil prices in October to ...
On the supply side, the IEA estimates non-OPEC+ production to increase by 1.5m b/d this year and next. Globally, the agency expects production to increase by 660k b/d this year to 102.9m b/d with ...
Oil traders brace for bearish 2024 outlook as supply is set to outpace demand, with prices pressured by weak Chinese ...
Herman Wang, managing editor of OPEC and Middle East news at S&P Global, says oil supply growth will outpace demand growth in ...
Oil prices edged higher in Europe with traders awaiting more clarity over China’s fiscal policy and further developments on the geopolitical front.
India's crude oil imports from Russia rose by 11.7% to about 1.9 million barrels per day (bpd) in September, accounting for ...
Global oil demand will peak at 101.7 million bpd in 2030 with clean energy set to absorb future energy demand growth ...