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OPEC+ increases production quotas for JulyOPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikel...- As OPEC+ meets, Iran war hobbles power to shape oil marketOPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz...
- Deep under China's coal basins, PetroChina is unlocking gas from rocksChina is unlocking a new energy frontier with coal rock gas extracted from deep within its coal basins. This ambitious multi-billion-dollar...
- OPEC+ to make first post-UAE production decisionSeven OPEC+ nations are meeting to set oil production quotas -- the first decision since the UAE left the cartel. The war in the Middle Eas...
- Why UAE stepped away from OPEC amid Iran war and soaring crude oil pricesUnited Arab Emirates has announced it will exit OPEC and OPEC+ effective May 1, delivering a fresh shock to an already strained global ener...
- UAE's OPEC exit: With cartel cracked, oil spills over geopoliticsIn a dramatic turn of events, the United Arab Emirates has officially exited OPEC, signaling a significant transformation within the global...
- Will fuel shortages ruin summer vacations?With the summer travel season on the horizon, the shadow of fuel shortages looms large. The ongoing strife between the U.S. and Iran has sh...
- Why UAE left OPEC and what it means for global oil prices and supplyThe United Arab Emirates has exited OPEC and OPEC+. This move significantly weakens the oil cartel and its leader, Saudi Arabia. Analysts s...
- UAE walks out of OPEC & OPEC+ in high-stakes break, redraws global oil power lines amid West Asia turmoil
- India plugs oil gap as Middle East supplies sinkIndia is boosting Russian oil imports and reviving supplies from Africa, Iran, and Venezuela. This strategy aims to fill a crude oil gap ca...
- China, India place strategic bets on clean energy out of favour in the WestChina and India are aggressively pursuing green hydrogen, investing billions to build massive production capacity. While China focuses on s...
- Traveling this summer? Major airlines cut routes — check the list to see if you are affectedAirlines Cut Routes Due to Rising Fuel Costs from the Iran War — Is Your Summer Flight at Risk? Jet fuel prices have doubled since the war ...
- Iran war pushes Asia to think twice before doubling down on LNGA Middle East conflict has disrupted global liquefied natural gas supply. This has caused prices to surge, impacting Asian nations heavily ...
- Middle East war damage to energy assets may cost up to $58 billion, research firm Rystad saysThis estimate has doubled in three weeks, highlighting widespread damage before an April 8 ceasefire. Repair work will redirect existing ca...
- UK faces jet fuel crunch as Strait of Hormuz disruption threatens flights and raises travel costsJet fuel supply to the UK is under pressure as Middle East shipments slow. Airlines may face higher costs and possible shortages if disrupt...
- Premiums surge, runs cut as Iran war disrupts naphtha supply to AsiaThe Iran war has severely disrupted Middle East supplies, forcing producers to pay double pre-war rates. This shortage is leading to signif...
- Japan could be energy-independent by 2060 thanks to renewables: Rystad Energy CEOJapan imports most of its energy resources, with the Middle East, Australia and the United States being its top suppliers. The government's...
- China's solar capacity expected to hit 1,000 GW by 2026: Rystad EnergyBeijing had set a goal of boosting the country's installed capacity of wind and solar power to more than 1,200 GW by 2030. China had instal...
- Electric vehicles may cut global refining capacity demand by half in 2050: RystadMukesh Sahdev, senior vice president and head of downstream at Rystad Energy said electric vehicles will cut global consumption of gasoline...
- Global oil supply to fall 6% by 2030 due to delayed projects: DataOil and gas companies across the world have slashed investment budgets.
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