IEA

A rare shipment of crude oil from the United States’ Strategic Petroleum Reserve (SPR) has been dispatched to the Philippines, signaling a significant shift in global oil supply routes amid…

Gasoline prices are experiencing notable fluctuations across different regions and markets, influenced by international trade dynamics, supply disruptions, and local economic factors. In New York Harbor, gasoline futures recently fell…

The ongoing conflict involving Iran has severely disrupted oil production in the Middle East, leading to the closure of the Strait of Hormuz, a vital waterway responsible for transporting about…

The Organization of the Petroleum Exporting Countries (OPEC) has revised its global oil demand forecast downward for the second quarter of 2026, citing persistent geopolitical tensions and supply chain challenges…

WTI crude oil prices are currently navigating a complex landscape shaped by geopolitical tensions, supply disruptions, and fluctuating market sentiment. As of May 21, 2026, WTI crude is trading near…

OPEC’s oil production has fallen sharply, reaching levels not seen since the early 2000s, as the ongoing conflict in the Persian Gulf disrupts exports and forces major producers to reduce…

Global oil markets are facing intense pressure as the Strait of Hormuz remains closed due to ongoing geopolitical tensions in the Middle East. This closure has led to a sharp…

International crude oil prices continued to face significant downward pressure during Friday’s Asian trading session, with U.S. crude edging up slightly to trade near $58.50 per barrel. Despite this modest…

Venezuela has long been recognized as one of the world’s most oil-rich countries. According to data from the Organization of the Petroleum Exporting Countries (OPEC), Venezuela holds an estimated 303…

Brazil is set to host COP30, the world’s largest climate conference, in 2025. This event places Brazil at the center of global discussions on climate action and sustainable development. However,…