MANY times, when something is about to get into decline, there is a revanchist action to try to reassert the old order, not ...

Electric-powered heavy trucks are rapidly gaining market share in China, driven by subsidies and the quick rollout of ...

Demand will continue to grow in developing economies, according to the oil cartel. Many groups, including the International ...

OPEC is doubling down on its view that global oil demand will keep rising through 2050, with no peak demand in sight, ...

Good afternoon and happy Thursday, readers! We are continuing to follow the aftermath of the destructive flash flood that hit parts of central Texas last week. The death toll continues to increase as ...

In a bid to cut $3 billion in costs, Chevron is consolidating its offshore operations into one global division.

The OPEC oil cartel said Thursday that demand for crude will continue to expand through at least 2050, calling efforts to ...

The Organization of the Petroleum Exporting Countries said that global oil consumption will continue to swell well into the ...

Oil is expected to hold nearly 30% of the energy mix, while combined with gas it will stay above 50% through the period. "Oil underpins the global economy and is central to our daily lives," OPEC said ...

OPEC’s latest forecast dismisses the idea of imminent peak oil demand, projecting rising consumption through 2050 despite ...

According to OPEC’s forecast, US oil production is projected to reach 23.1 mln bpd by 2030, compared with 21.8 mln bpd in 2024. Shale oil and tight oil output are expected to increase to 16.5 mln bpd ...

The OPEC oil cartel said Thursday that demand for crude will continue to expand through at least 2050, calling efforts to rapidly shift away from fossil fuels an unworkable fantasy.