Tehran is increasingly shifting to unofficial channels and clandestine networks to keep selling its crude oil. Most of the benefits go to a small clique of corrupt Iranian elites — and China.At the ...
The region is seeing a boom in fossil fuels just as the impacts of the climate crisis really bite. It’s raising thorny ...
International energy traders are bracing for disruptions after Iran’s parliament endorsed the closure of the Strait of Hormuz, a crucial choke point for the world’s oil supply, with the ultimate ...
The world will need as much as 19.5 million barrels per day (bpd) of new refining capacity by 2050 to meet rising global oil demand, OPEC said in its 2025 World Oil Outlook (WOO) with forecasts ...
LONDON (Reuters) -Global oil demand will keep growing until around the end of this decade despite peaking in top importer China in 2027, as cheaper gasoline and slower electric vehicle adoption in the ...
The International Energy Agency’s latest outlook signals that oil demand may continue rising into 2050, a sharp shift from ...
The five largest publicly traded US oil and gas producers paid roughly $55 billion to governments around the world in 2024 to extract resources from their nations, with most funds paid to foreign ...
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