Oil & Gas

An economist describes the current situation in Malaysia as "enviable" due to the fact that fuel subsidies have protected households from the effects of rising oil prices. Even though there is this acceleration in inflation, and one is going to be...

A huge expansion of the Namaat industrial investment strategies has been announced by the Saudi Arabian Oil Company (Aramco), with 55 agreements and Memorandum of Understanding covering the sustainability, digital, manufacturing, industrial, and social innovation sectors. Namaat, which has increased...

German Foreign Minister Annalena Baerbock declared in the last week of June that her nation was engaged in a hybrid war as the energy situation in Europe was made worse by Russia's fight in Ukraine. Baerbock said at a...

High oil costs present yet another barrier to U.S. business earnings, and a few on Wall Street are concerned that this could further depress stock prices. Due to low supply, increased demand, and the conflict in Ukraine, Brent crude...

According to one of President Joe Biden's economic advisers, China and India may be purchasing more Russian oil than the US previously thought, lessening a supply shortage on the world market and possibly causing the current price drop. With...

President Joe Biden called on U.S. oil refining businesses to increase production on June 15th, saying that customers should not be burdened by high costs. Historically large refinery profits being transferred directly to the American people are not appropriate...

Following 3 years of COVID-19 lockdowns and the economic catastrophe of the Ukraine crisis, global oil demand will surge above pre-pandemic levels next year, according to the International Energy Agency. China will drive much of the demand growth next...