Global Oil Stockpiles Swelled Last Year by Most Since 2020, IEA Says

By Global oil stockpiles accumulated last year at the strongest pace since the 2020 pandemic as supplies soared and demand growth slowed, according to the International Energy Agency. Inventories increased…

Oil Prices Set for Another Weekly Decline as Iran Risks Recede

Summary Trump says US could conclude Iran deal over the next month Venezuelan oil supply expected to ramp up, says analyst IEA lowers global oil demand forecasts for this year…

ConocoPhillips and Partners to Invest $2 Bln in Greater Ekofisk Gas, Condensate

(Reuters) – ConocoPhillips and its partners will invest some 20 billion Norwegian crowns ($2.11 billion) to restart production at three fields in the Greater Ekofisk area by the end of 2028,…

Oil Prices Drop 3% After IEA Cuts Demand Growth Outlook

Oil prices dropped Thursday after the International Energy Agency cut its demand growth outlook, a revision that landed in a market already uneasy about how quickly supply is said to…

Electric Vehicle Sales Dip 3% After China Cuts Subsidies and Adds Tax

Global sales of electric cars declined by 3% last month as China moved to reduce subsidies and introduce a purchase tax on EVs, adding to consumer cooling after the U.S.…

Tony Blair Think Tank Calls For North Sea Oil Revival

A think tank set up by former British Prime Minister Tony Blair has urged the Starmer government to reverse the decline in the country’s oil and gas industry, saying its…

Top Stories Of The Day: BERC Approves 450 MW FDRE for Bihar; Odisha Signs ₹67,000 Cr MoUs for 6.8 GW RE and More…

BERC has approved procurement of 450 MW of Firm and Dispatchable Renewable Energy (FDRE) to secure 1,800 MWh of peak power supply for Bihar. The move strengthens reliability during high-demand…

Market Positioning Itself for Period of Higher Geopolitical Risk

The oil market is positioning itself for a period of higher geopolitical risk and unpredictability, according to Emily Ashford, Energy Research Head at Standard Chartered Bank. “This is evident in…