IEA

Abu Dhabi National Oil Co. (ADNOC) is intensifying its mergers and acquisitions (M&A) activity, with two high-profile targets in its sights: German chemicals giant Covestro and Austria’s integrated energy firm…

West Texas Intermediate (WTI), the benchmark for US crude oil, hovered around $68.95 per barrel on Thursday, showing little movement as a mix of factors weighed on the market. A…

Oil market forecasts from the International Energy Agency (IEA) may be overly pessimistic, with recent data suggesting a larger-than-expected drawdown in global inventories. This unexpected trend could prompt a revision…

Crude oil prices rose on Wednesday, driven by growing demand signals from China and heightened geopolitical tensions following the latest escalation in the Russia-Ukraine conflict. Brent crude was trading at…

Global and U.S. oil production are expected to reach slightly higher record levels than previously predicted this year, according to the U.S. Energy Information Administration (EIA). Despite this surge in…

The OPEC+ alliance, already grappling with supply management issues, faces a turbulent end to 2024, exacerbated by unexpected weaknesses in global oil demand and political uncertainties from the United States.…

A year after world leaders called for a global shift away from fossil fuels, climate diplomats, campaigners, and policy experts warn that nations are failing to transform that promise into…

Momentum in oil markets has continued to shift downward over the past two weeks, marked by a series of declines in key trading indicators. Over the last 10 trading days,…

On Wednesday, November Nymex natural gas (NGX24) prices closed up by $0.031, or 1.34%, as market analysts anticipate a rise in inventory levels. The expected increase of 66 billion cubic…

Iraq’s Deputy Petroleum Minister, Hamid Younes al-Zobai, recently visited Washington, D.C., to advocate for increased financial investment from U.S. energy firms. His mission centered on promoting the notion that enhanced…