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Oil Demand In Transport Sector May Drop By Up To 50% By 2050

By Alex Kimani The transportation sector is responsible for nearly 60% of global oil demand. BNEF: EVs are currently displacing only 1.5 million barrels...

5 Oil Producing Nations Ask To Join BRICS Alliance

Saudi Arabia, the UAE, Algeria, Egypt, Bahrain, and Iran have formally asked to join the BRICS group of nations. BRICS will hold its...

Next Year Will Be A Crucial Year For Suriname’s Emerging Oil Boom

Suriname's oil boom saw a number of major setbacks in 2022. The final investment decision from Apache and operator TotalEnergies was expected last...

Analysts See Oil Prices Rising To $90 By End-2023

Reuters survey: oil prices are set to rise toward $90 per barrel by the end of this year. So far this year, Brent...

Oil Ticks Up as Russia’s Novak Says No More OPEC+ Cuts Needed

By Tom Kool Crude oil prices ticked higher on Thursday, stabilizing after Wednesday’s drop due to sentiments that the OPEC+ late March production cut announcement...

Four Scenarios That Could Send Oil Prices To $200

By Irina Slav  Oil at $200 is a possibility, although unlikely to happen. Possible scenarios include a major escalation in the Ukraine conflict or...

Oil Prices Return To Recent Highs

By Julianne Geiger  The price of crude oil returned on Tuesday to the recent highs seen after OPEC+ announced it would cut production by another...

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