Aside from the physical groundwork of gathering and processing oil, market factors are the true price-determinants of crude oil spot prices. Crude oil market regulations control supply and dynamics, ...

Harsh winters in the U.S. and Europe drive heating fuel demand, lifting global oil consumption by 1.6M bpd in Q1 2025. Biden’s anticipated sanctions on Russia and Iran raise supply risks ...

X@Engr_Abdulmalik The Federal Government cut crude oil supplies to local refineries ... and Iranian and Venezuelan supply dropped on renewed U.S. attempts to curb the flows. OPEC pumped 26.63 ...

Last week, Light Crude Oil Futures settled at $67.18, up $0.14 or +0.21%. OPEC+ remains in focus as its planned April production hike raises concerns over a potential supply glut. While the group ...

Scania, Volkswagen's truck manufacturing subsidiary, has agreed to acquire Industrial Division of Northvolt Systems to ...

Libya’s ongoing political conflict is jeopardizing its vital oil production, potentially leading to severe disruptions in global supply chains. The strife between rival factions in the country has ...

Friday April 11, 2025 - Eli Rubin, an energy analyst at EBW Analytics Group, noted that natural gas is searching for 'near term equilibrium'.

The supply of crude oil is limited, however, and cannot be increased further, since it has become increasingly difficult to find and develop new oil reserves in recent years. As a result ...

Despite Trump backing off from implementing his bizarre reciprocal tariffs imposed on every country in the world (including ...

The US leader added that if Russia was unable to make a deal on "stopping bloodshed in Ukraine" - and Trump felt that Moscow was to blame - then he would put secondary tariffs on "all oil coming ...

Ukraine's state emergency service has given another update from Sumy, where at least 34 people have been killed in a Russian attack today. In the last few minutes, they've said 68 people are ...