Tag: International Energy Agency

Crude oil is a critical component of the global economy, influencing everything from gasoline prices to transportation costs and geopolitical stability. As we navigate...

Macquarie has revised its oil price forecasts downward, predicting a significant surplus in the oil market over the next five quarters. The bank's latest...

Oil prices eased on Friday as U.S. Gulf of Mexico crude production resumed following Hurricane Francine and data revealed an increase in the U.S....

Exxon Mobil, one of the world’s largest oil companies, forecasts that global oil demand will remain steady—or even increase slightly—by 2050, challenging efforts to...

Oil prices remained relatively stable, with Brent crude North Sea oil slightly up by USD 0.15 to USD 79.91/bbl, and WTI rising by USD...

Oil prices edged higher on Wednesday as market participants responded to a notable drop in U.S. crude and gasoline inventories, coupled with growing concerns...

Oil prices declined after a five-day rally, as concerns over escalating tensions in the Middle East were balanced by signs of weakening global demand...

India has significantly increased its crude oil imports from Russia, now sourcing 40% of its crude oil needs from the country, according to BIMCO....

Oil prices experienced a decline in Asian trading on Thursday, prompted by official data revealing an unexpected build in U.S. crude inventories. Additionally, the...

Early trade on Thursday saw a drop in oil prices as investors processed the likelihood of the U.S. Federal Reserve postponing a potential interest...

On Sunday, OPEC+ announced the extension of its significant oil output cuts well into 2025, aiming to stabilize the market amid lukewarm demand growth,...

In the global energy landscape, oil remains a vital commodity, serving as a cornerstone of economic development and national security for many countries. Recognizing...