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 ...

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

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

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

A portfolio manager pointed out a “unique” market development that could already be helping to tighten global crude ...

Oil output in Kazakhstan, one of the world's 10 biggest producing countries, returned to growth last month and matched an all ...

U.S. crude oil production surged to an all-time high of 13.24 million barrels per day (bpd) in April, according to newly ...

U.S. crude oil production hit a record 13.47 million barrels-per-day in April, up from 13.45 million bpd in March, according ...