Recent drone attacks by Ukraine have significantly disrupted fuel supplies across multiple regions in Russia and the occupied territory of Crimea. These strikes have targeted key oil refineries and supply…
petroleum
Petroleum is a naturally occurring liquid found beneath the Earth’s surface, composed primarily of hydrocarbons. It is extracted and refined for use in fuel, lubricants, plastics, and chemicals, playing a crucial role in global energy and industry.
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The Alaska Senate is nearing a critical deadline in a special legislative session focused on a proposed tax break for a major natural gas pipeline project. The bill, which passed…
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The U.S. Energy Information Administration (EIA) has updated its energy market forecasts, highlighting changes in natural gas prices, production levels, and the growing role of renewable energy. The latest Short…
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The United Arab Emirates officially left the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance on May 1, 2026, ending a membership that lasted nearly six…
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US crude oil production has shown notable growth recently, driven largely by private exploration and production companies in the Permian Basin. This increase follows a significant rise in West Texas…
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WTI Crude Oil Falls Below $80 Amid U.S.-Iran Agreement on Strait of Hormuz Reopening
by Yukiby YukiCrude oil prices have fallen sharply this week, reaching their lowest levels since early March. This decline comes after the United States and Iran announced a preliminary agreement to reopen…
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The recent peace agreement between the United States and Iran has significantly eased geopolitical tensions in the Middle East, leading to a sharp decline in crude oil prices. U.S. West…
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EIA Predicts High Gas Prices Will Persist Through 2027 Despite Strait of Hormuz Reopening
by Yukiby YukiThe U.S. Energy Information Administration (EIA) has released recent reports indicating that gasoline prices in the United States are expected to remain elevated well into 2027, despite the reopening of…
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Philippines Sees Diesel Rollbacks While Gasoline Prices Vary as US-Iran Deal Impacts Markets
by Yukiby YukiGasoline prices are experiencing a complex pattern of changes as global developments and local market factors influence fuel costs. In the Philippines, the Department of Energy (DOE) announced adjustments effective…
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The Organization of the Petroleum Exporting Countries (OPEC) is confronting significant challenges amid shifting geopolitical and market dynamics. Iran’s oil production has fallen to its lowest level in six years,…