Despite doubling per well output since 2019, the Permian’s rig rate gains are slowing and decline curves are steepening, ...

The intensifying trade dispute between the U.S. and China has heightened fears of a global recession, which could significantly reduce crude oil demand. China’s recent imposition of 34% tariffs on all ...

The IEA said in its latest monthly oil report that global oil supply was set to rise by 1.2 million barrels per day this year, 260,000 bpd lower than the growth expected last month. As a basis for ...

In the current dynamic global economic environment, the power equipment rental sector is poised for significant growth.

The oil market is under significant pressure amid trade tensions. ICE Brent briefly broke below US$60/bbl last week. Click to ...

Crude oil market regulations control supply and dynamics, thus price, based on factors like: As with all commodities, oil prices are driven by supply and demand. However, the global pool of oil and ...

Signs also are emerging that oil consumers are seeking to avoid the volatility by locking in their single largest costs. Swap ...

The CEO of the NMDPRA, Farouk Ahmed, says the ongoing instability in global oil markets is negatively impacting Nigeria’s ...

The Canadian dollar moved closer on Thursday to a recent five-month high against its U.S. counterpart as oil prices rose and ...

Crude oil market regulations control supply and dynamics, thus price, based on factors like: As with all commodities, oil prices are driven by supply and demand. However, the global pool of oil and ...

Market analysts suggest that increased supply from Kurdistan could ease global supply constraints, affecting crude prices. Additionally, sanctions impacting energy exports have disrupted supply ...