petroleum

The recent agreement aimed at easing tensions with Iran and reopening the Strait of Hormuz marks an important step toward stabilizing global oil supplies. Yet, energy analysts caution that a…

U.S. crude oil inventories have continued to decline, marking the seventh straight week of draws as reported by the U.S. Energy Information Administration (EIA) for the week ending June 5,…

The Organization of the Petroleum Exporting Countries (OPEC) has once again revised downward its forecast for global oil demand growth in 2026, reflecting the ongoing impact of geopolitical tensions and…

Oil prices have recently fallen as global tensions ease, with Brent crude dipping below $90 per barrel and West Texas Intermediate (WTI) trading near $85 to $87. This decline followed…

Brent crude oil prices have recently experienced a significant decline, falling to $95.15 per barrel as of June 12, 2026. This marks a 5.47% decrease from the previous day and…

Gasoline prices around the world are experiencing varied movements, affecting consumers and economies differently amid ongoing geopolitical tensions and inflation concerns. In Taiwan, state-owned CPC Corporation has decided to keep…

Nigeria has surpassed its oil production quota established by the Organization of the Petroleum Exporting Countries (OPEC), achieving an 11-month peak in crude output during May 2026. The Nigerian Upstream…

The United States has officially become the world’s top exporter of oil, including both crude and refined products, while maintaining its position as the largest producer of oil and natural…

The U.S. natural gas industry is witnessing significant growth fueled by rising domestic consumption and a sharp increase in exports, especially to India. One of the primary drivers behind this…

As of June 12, 2026, the price of oil has fallen to $95.15 per barrel, marking a significant decline of 5.47% from the previous day. Compared to one month ago,…