Oil

Oil prices saw a significant rise on Sunday, climbing more than 3% after Israeli airstrikes targeted Iranian energy facilities. The escalation of conflict has raised concerns about further disruptions to …

Saudi Arabia’s economy has demonstrated notable resilience and diversification in early 2025, with first-quarter GDP increasing by 3.4% year-on-year. This growth was primarily fueled by a strong 4.9% expansion in …

Trade insiders have revealed that Saudi Arabia’s crude oil shipments to China are anticipated to experience a modest decline in July. Despite this slight reduction, the kingdom is set to …

Oil prices surged dramatically following overnight Israeli attacks on Tehran, fueling fears of escalating conflict in the Middle East and sparking the fastest rise in crude prices seen in three …

ExxonMobil and the State Oil Company of Azerbaijan Republic (SOCAR) have formalized a partnership through a Memorandum of Understanding (MoU) aimed at boosting the exploration and development of Azerbaijan’s abundant …

The U.S. Energy Information Administration (EIA) forecasts that American oil production will decline next year for the first time since the COVID-19 pandemic, casting doubt on former President Donald Trump’s …

Analysts from S&P Global and other institutions predict that crude oil prices may drop below $50 per barrel this year, hitting the lowest level since the pandemic. This decline is …

Oil prices dipped slightly on Monday following disappointing economic data from China, though they retained most of last week’s gains amid investor optimism over upcoming U.S.-China trade negotiations. Brent crude …

Despite an anticipated production increase from OPEC+, oil prices rose rather than fell, signaling a shift in market dynamics. The surge in prices comes amid disruptions from wildfires in Alberta, …

Electric trucks are increasingly eroding China’s diesel demand, propelled by government incentives and the rapid adoption of new energy vehicles, recent data shows. In April, electric trucks accounted for 22% …