IEA

Natural gas is a versatile energy source that plays a crucial role in our daily lives. From heating our homes to powering industries, its applications are vast and varied. In…

Goldman Sachs Group Inc. has lowered its oil price forecasts, citing reduced US growth prospects due to tariffs and increased oil output from OPEC and its allies. This adjustment follows…

OPEC+ has been holding back 2.2 million barrels of oil per day for over a year, yet the market shows little sign of responding as the group intends. This persistent…

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…