Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.

According to the Energy Institute’s (EI) latest statistical review of world energy report, which was published recently, the ...

The global crude oil carrier market is projected to grow from USD 176.5 billion in 2025 to USD 249.3 billion by 2034, driven by emerging economies, technological advancements, and fleet modernization ...

Brazil, Argentina, and Nigeria are pumping oil. Why the big push now when OPEC+ has to restrain spare capacity?

B.C. Premier David Eby said the LNG Canada project will increase Canada’s gross domestic product (GDP) by 0.4 per cent, while ...

When it comes to oil importers, the US and China are the top two. Despite having their own oil reserves, their huge energy ...

Iran is a close ally that has long figured prominently in Russian strategic calculus, but events of the past month have ...