Saudi Arabia, the OPEC heavy weight, announced last Thursday to join the BRICS coalition...
Oil Prices Trends Downward amid Slowdown in China and Fed Uncertainties
Crude oil prices plunged sharply on Wednesday with the U.S. West Texas Intermediate (WTI)...
International Energy Group Warns of Supply Shortage as Demand from China and India Ramps Up
The international energy group estimated that oil prices will climb in the second half...
OPEC Predicts Daily Oil Consumption to Reach 110 Million Barrels by 2045
OPEC projects global oil demand will reach 110 million barrels per day within the...
OPEC+ Unlikely to Cut Output on Sunday Meeting
OPEC and its allies known as OPEC+ will meet on Sunday to assess the...
Asia Remains Russia’s Main Destination for Fuel Shipments
Asia remained the main destination for Russian oil exports after the European Union's embargo,...