Oil prices soared by approximately 2% to reach a four-month peak on Monday, propelled by diminished crude exports from Iraq…
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In a recent commentary, the International Energy Agency (IEA) emphasized the security implications associated with transitioning to clean energy, particularly…
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In an unusual display of divergence, the Paris-based International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries…
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OPEC Retains Demand Growth Forecast for 2024 and 2025, Raises Economic Outlook Amid Middle East Tensions
by Krystalby KrystalThe Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia, has maintained its forecast for demand growth in…
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Oil Markets Rally as EIA Reports Significant Inventory Draws, Countering Initial Week Losses and OPEC+ Decision
by Krystalby KrystalOil markets rebounded during Wednesday’s session, recovering from early-week losses, following a notable decrease in inventories across various fuels reported…
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Petrol, also known as gasoline, is a common fuel source for vehicles and machinery. It is a liquid fuel that…
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On Tuesday, the Crude Oil market experienced fluctuations, pulling West Texas Intermediate (WTI) US Crude Oil prices below the $78.00…
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Diesel engines are powerful machines that require proper maintenance to run smoothly. One of the most important aspects of diesel…
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In a joint effort led by Saudi Arabia and Russia, OPEC+ members have reached an agreement to prolong voluntary oil…
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London, February 29, 2024 (Reuters) – According to a Reuters survey on Thursday, the Organization of the Petroleum Exporting Countries…