Tag: Oil
March 26, 2025
News
Renewable Energy and Natural Gas Overtake Oil and Coal in Recent Growth Trends
The International Energy Agency (IEA) released its latest global review highlighting the positive trends across different energy sectors, with renewables…
March 26, 2025
News
Sources indicate OPEC+ plans to move forward with scheduled oil output increase in May.
OPEC+ is expected to proceed with its plan to increase oil output for the second consecutive month in May, according…
March 22, 2025
News
OPEC+ Unveils New Strategy for Oil Production Cuts to Address Overproduction Issues
OPEC+ has announced a new plan requiring seven member nations to implement additional oil output cuts in response to excess…
March 22, 2025
News
US Introduces Sanctions on Iran’s Oil Tankers and China’s ‘Teapot’ Refineries
The United States announced new sanctions aimed at diminishing Iran’s oil exports, marking the fourth round of such measures since…
March 20, 2025
News
Predicted Decline in Oil Prices by 2025 Compared to Last Year’s Levels
Brent crude oil prices are anticipated to average $73 per barrel in 2025, reflecting a decrease of $7 per barrel…
March 17, 2025
News
China’s Crude Oil Inventories Experience Uncommon Decline Due to Weak Import Levels
China’s recent dip into its crude oil stockpiles marks a significant moment, as this occurred during the first two months…
March 17, 2025
News
Goldman Revises Oil Price Outlook Due to Slower Demand Growth and Increased OPEC+ Supply
Goldman Sachs has revised its oil price forecasts for December 2025 and the average for 2026, reflecting expectations of slower…
March 17, 2025
News
February Sees Increase in India’s Crude Oil Imports from Latin America and Africa Amid US Sanctions on Russia
India’s crude oil imports from Latin America and Africa saw a slight increase in February as refiners sought alternative sources…
March 15, 2025
News
Indian Refineries Seek Latin America, Africa Oil to Offset Russian Imports in February, Data Reveals
In February, Indian refiners increased their crude oil imports from Latin America and Africa, seeking alternatives to Russian oil due…
March 15, 2025
News
Kazakhstan Increases Oil Exports Through Baku-Tbilisi-Ceyhan Pipeline in February 2023
Kazakhstan has increased its oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline, achieving a notable rise of 38% in February compared…