Oil and Petrochemicals
IEA Cuts Oil Demand Forecast for 2026 Significantly
IEA has reduced its oil demand forecast for 2026 by 1.6 million barrels per day due to Middle Eastern disruptions. This...
Oil and Petrochemicals
Oil and Petrochemicals
Billion-Dollar Merger of Energy Holdings and Ventura Offshore
Energy Holdings and Ventura Offshore have signed a $1 billion agreement to create a larger group. This merger could brin...
Oil and Petrochemicals
Oil Falls Due to Middle East Tensions, But Still Hopes for Weekly Growth
Oil prices, despite recent declines, are still on track to record a significant weekly increase due to rising tensions i...
Oil and Petrochemicals
Shell's New Oil Game in Global Markets
Shell is seeking to change the global oil equations with its innovative strategies. These developments could completely...
Oil and Petrochemicals
Reduction in Russia's Oil Production Forecast; Ukraine in the Spotlight
The International Energy Agency has lowered its forecast for Russia's oil production due to Ukraine's attacks. Crude oil...
Oil and Petrochemicals
Increase in China's Crude Oil Purchases: Good News for the Global Market
China is significantly increasing its crude oil purchases, which could have major impacts on the global market.
Oil and Petrochemicals
Oil Prices Drop After Recent Surge Amid Supply Risks
Oil prices have decreased following a sudden increase in recent days. This drop is due to the assessment of escalating r...
Oil and Petrochemicals
IEA: The Global Oil Refining System is on the Brink of Collapse
The International Energy Agency warns that declining inventories and pressure on refineries have tightened the oil marke...
Oil and Petrochemicals
Oil Reaches Above $100; Historic Price Surge in the Market
Oil prices reached above $100 this week, marking a new record since May. This price increase was particularly notable on...
Oil and Petrochemicals
U.S. Oil Prices Fall Below $100 and Diesel Hits Record $6
U.S. crude oil prices have fallen below $100, while diesel prices have crossed $6 for the first time. These developments...
Oil and Petrochemicals
Oil on the verge of a 7% weekly increase; diesel in the U.S. hits a new record
Oil grew by more than 7% last week, and diesel prices in the United States reached their highest historical level. These...
Oil and Petrochemicals
Oil Price Drop: Where Do Brent and WTI Go After Record Highs?
After a volatile week, oil prices have sharply decreased, halting the recent gains of Brent and WTI. Will this trend con...