As global crude oil prices continue to decline, there is growing speculation that petroleum product prices in Pakistan could be reduced starting May 1, 2025. However, experts warn that the…
oil production
Oil production involves extracting crude oil from underground reservoirs through drilling. After extraction, the oil is refined into various products like gasoline and diesel. It’s a critical process for global energy supply and economy.
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In a meeting held on Thursday, April 17, 2025, in Asaba, Delta State Governor, Sheriff Oborevwori, assured executives of Renaissance Africa Energy Company of the state’s continued support for the…
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Timing of Production Cuts OPEC+, the coalition of the Organization of the Petroleum Exporting Countries and its allies (led by Russia), has confirmed new oil production cuts starting May 2025.…
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Gasoline prices are a significant concern for many Americans, influencing daily commutes, travel plans, and household budgets. As of March 2025, the national average price of gasoline stands at $3.11…
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China’s major energy companies are increasingly focusing on natural gas as demand for oil slows. This shift comes amid rising global trade tensions and concerns over the risks of depending…
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The OPEC oil embargo was a significant event in global energy history. It took place in 1973 and had a profound impact on the world’s economy and the way people…
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China Advances Energy Self-Sufficiency, Bolstered by Domestic Production and Technological Innovations (3.31)
by Yukiby YukiChina’s efforts to improve its energy security have shown significant progress, with the country’s energy self-sufficiency rate surpassing 80 percent. This achievement comes as China navigates global uncertainties and supply…
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Gasoline and diesel prices in Vietnam both saw increases on Thursday afternoon, marking the second consecutive rise in two weeks. The popular RON95 gasoline price went up by 1.69%, reaching…
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The Organization of the Petroleum Exporting Countries (OPEC) plays a crucial role in the global oil market. Its decisions significantly influence oil prices, supply, and the economies of both producing…
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The Organization of the Petroleum Exporting Countries (OPEC) plays a pivotal role in the global oil industry. Established in 1960, OPEC has grown from a coalition of five countries to…