According to the information compiled from the industrial production and retail sales data showing the slowdown in economic activities in China, the decrease in fuel demand in China caused oil prices to fall by about 1.5% on the first working day of the... 

The year-end oil price forecast by the American investment bank JP Morgan was reduced by $5 per barrel. In the report prepared by JP Morgan, the crude oil price forecast for the end of 2021 was reduced from $83/barrel to $78/barrel. In addition, the 3rd... 

While 98% of the energy it uses is fossil fuel, Singapore is the world record holder in this field, while this country meets 73% of its energy needs from oil consumption. Fossil fuel use is 93 percent in Australia and 91 percent in South Africa. In Luxembourg... 

The value of Saudi Arabia’s oil exports in May increased 147% to just over 60 billion riyals ($16 billion) from a year earlier while non-oil exports rose by 70%, official data showed on Wednesday. “Overall merchandise exports increased by... 

The Brent oil price forecast by the EIA was increased by $6 to $72 per barrel in the second half of the year. The US Department of Energy’s Energy Information Administration (EIA) increased its Brent oil price forecasts in its Short-Term Energy... 

OPEC forecast on Thursday that world oil demand would rise in 2022 to reach a level similar to before the pandemic, led by growth in the United States, China and India. The Organization of the Petroleum Exporting Countries said in its monthly report that... 

The OPEC+ alliance is widely expected to decide next week to further ease the collective production cuts, but the additional supply from August will likely still be less than the supply deficit on the market, analysts and traders told Bloomberg in a survey. The... 

The 17th Ministerial Meeting, where the OPEC+ member countries, energy and oil ministers came together via video conference to evaluate the market conditions and discuss the amount of production cuts agreed on April 01, ended. In the statement made by... 

A National Football Team, which has been camping at Antalya Regnum Carya Golf & Spa Resort for EURO 2020 since 18 May, took a short break from their work last night and watched the stage show of the brand face, Cem Yılmaz, with the surprise organization... 

President Joe Biden signed an executive order Wednesday aimed at strengthening U.S. cybersecurity defenses, a move that follows a series of sweeping cyberattacks on private companies and federal government networks over the past year. The action comes... 

The deep freeze that afflicted the center of the US last week caused massive power outages in Texas and surrounding states. The plight of millions without power and heat captured the headlines and attracted world-wide attention. What little discussion... 

Climate change challenges and the rise of renewable energy sources are increasing the social and environmental pressure on oil companies to re-position themselves in the societies in which they operate. They have been doing this in a variety of different...