"Crude demand clings by a thread," Bank of America said, predicting that slowing global GDP and green infrastructure will ...

The Iranian military has the capability to blockade the Strait of Hormuz if necessary, says Iran's naval commander.

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel ...

The International Energy Agency (IEA) recently released its Oil 2024 report, which examines the global dynamics for oil supply security, refining, trade, and investment. The report received ...

The early signs are promising, hinting that this upward momentum will carry into February', analysts at J.P. Morgan said.

and catapulted the impoverished South America country firmly onto the global oil map. OilPrice points out that the offshore Guyana-Suriname Basin is being called the world’s most exciting oil ...

Saudi Arabia, Russia and the USA produce the most oil. Around 66% of global oil supplies are found in the Middle East. As technology improves, new supplies can be discovered and accessed more easily.

From a certain perspective, this sounds like a death knell for oil as we know it—the commodity that drives the global economy. On the other hand, it’s an admission we have become even more ...

World oil markets are expected to average a surplus of 1 million barrels a day in 2026, the Energy Information Administration said Tuesday, up from the 800,000 barrel-a-day surplus it projected in ...

11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient Saudi Aramco, the world’s largest oil exporter, expects global oil demand to grow by a steady 1.3 ...