Oil Production In The World
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What War In Middle East Means For Global Oil Markets And What It Doesn't
The conventional wisdom used to be that war in the Middle East would send oil prices soaring. Not anymore.
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Israel Bombed World's Largest Gas Field In Iran. Why It Is A Big Deal
Iran was forced to partially halt gas production at the world's largest gas field, South Pars, after an Israeli airstrike caused a fire at one of its key processing units on Saturday.
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How Trump's Pursuit Of Cheap Oil Will Impact India's Energy Security
To fulfil one of his major electoral agendas of providing cheap oil ('drill baby drill'), in his inaugural speech US President Donald Trump argued for increasing the domestic production of crude oil and utilising it to spur prosperity in US economy.
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China Announces Measures Against Google, Other US Firms as Trade Tensions Escalate
Beijing slapped tariffs on US products such as coal, oil and some autos in a rapid response to the new duties on Chinese goods imposed by US President Donald Trump, escalating trade tensions between the world's two biggest economies.
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From Super-Earth To Anti-HIV Drug: Top 10 Science Breakthroughs In 2024
In a groundbreaking achievement, Australian scientists have made a significant discovery that boosts oil production in plants, paving the way for the development of sustainable biofuels, including eco-friendly aviation fuel.
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Oil Spills Into Kerch Strait As Russian Tanker Splits Apart In Storm, 1 dead
A Russian oil tanker carrying thousands of tonnes of oil products split apart during a heavy storm on Sunday, spilling oil into the Kerch Strait, while another tanker was also in distress after sustaining damage, Russian officials said.
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Major Oil Supply Surplus Likely By 2030, Says International Energy Agency
The world is likely to have a "major surplus" of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said in an annual report published Wednesday.
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Adani Wilmar Records Double-Digit Percentage Growth In Q4 Edible Oil Sales
India's Adani Wilmar forecast double-digit percentage growth in fourth-quarter edible oil sales on Friday, driven by strong demand during the festive season in the world's biggest importer.
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Israel-Hamas War Could Cause Hike In Oil Price: World Bank
The war between Israel and Hamas could trigger price shocks for raw materials such as oil and agriculture products if the conflict escalates across the Middle East, the World Bank warned in a report Monday.
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India To Soon Overtake China As Oil Demand Driver, Says Energy Body Chief
India will soon overtake China as the largest driver of global oil demand even as it has an opportunity to become a world leader in green hydrogen production, International Energy Agency (IEA) chief Fatih Birol said Wednesday.
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Gulf Nations, Russia To Cut Oil Production By Over 1 Million Barrels Per Day
Cuts by Saudi Arabia, the UAE and Kuwait totalling 772,000 barrels per day (bpd) will take effect from May and last for the rest of the year, they said in statements released by official media.
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Saudi-Led Coalition Says Aramco Fire "Under Control" After Yemen Rebel Strike
Yemen's Houthis said they launched attacks on Saudi energy facilities on Friday and the Saudi-led coalition said oil giant Aramco's petroleum products distribution station in Jeddah was hit, causing a fire in two storage tanks but no casualties.
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India's Giant Role In Driving Up Oil Prices
Oil refiners in the world's third-biggest crude importer are stepping up purchases as they strive to meet annual production goals, giving prices another tailwind as they march toward $100 a barrel.
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World Food Prices Fall In June For First Time In A Year: UN Food Agency
World food prices fell in June for the first time in 12 months, pushed lower by declines in vegetable oils, cereals and dairy products, the United Nations food agency said on Thursday.
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Global Food Prices Rise At Rapid Pace: World Agriculture Body
Global food prices rose in May at their fastest monthly rate in more than a decade even as world cereal production is on course to reach a new record high, the Food and Agriculture Organisation (FAO) of the United Nations reported on Thursday.
-
What War In Middle East Means For Global Oil Markets And What It Doesn't
The conventional wisdom used to be that war in the Middle East would send oil prices soaring. Not anymore.
-
Israel Bombed World's Largest Gas Field In Iran. Why It Is A Big Deal
Iran was forced to partially halt gas production at the world's largest gas field, South Pars, after an Israeli airstrike caused a fire at one of its key processing units on Saturday.
-
How Trump's Pursuit Of Cheap Oil Will Impact India's Energy Security
To fulfil one of his major electoral agendas of providing cheap oil ('drill baby drill'), in his inaugural speech US President Donald Trump argued for increasing the domestic production of crude oil and utilising it to spur prosperity in US economy.
-
China Announces Measures Against Google, Other US Firms as Trade Tensions Escalate
Beijing slapped tariffs on US products such as coal, oil and some autos in a rapid response to the new duties on Chinese goods imposed by US President Donald Trump, escalating trade tensions between the world's two biggest economies.
-
From Super-Earth To Anti-HIV Drug: Top 10 Science Breakthroughs In 2024
In a groundbreaking achievement, Australian scientists have made a significant discovery that boosts oil production in plants, paving the way for the development of sustainable biofuels, including eco-friendly aviation fuel.
-
Oil Spills Into Kerch Strait As Russian Tanker Splits Apart In Storm, 1 dead
A Russian oil tanker carrying thousands of tonnes of oil products split apart during a heavy storm on Sunday, spilling oil into the Kerch Strait, while another tanker was also in distress after sustaining damage, Russian officials said.
-
Major Oil Supply Surplus Likely By 2030, Says International Energy Agency
The world is likely to have a "major surplus" of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said in an annual report published Wednesday.
-
Adani Wilmar Records Double-Digit Percentage Growth In Q4 Edible Oil Sales
India's Adani Wilmar forecast double-digit percentage growth in fourth-quarter edible oil sales on Friday, driven by strong demand during the festive season in the world's biggest importer.
-
Israel-Hamas War Could Cause Hike In Oil Price: World Bank
The war between Israel and Hamas could trigger price shocks for raw materials such as oil and agriculture products if the conflict escalates across the Middle East, the World Bank warned in a report Monday.
-
India To Soon Overtake China As Oil Demand Driver, Says Energy Body Chief
India will soon overtake China as the largest driver of global oil demand even as it has an opportunity to become a world leader in green hydrogen production, International Energy Agency (IEA) chief Fatih Birol said Wednesday.
-
Gulf Nations, Russia To Cut Oil Production By Over 1 Million Barrels Per Day
Cuts by Saudi Arabia, the UAE and Kuwait totalling 772,000 barrels per day (bpd) will take effect from May and last for the rest of the year, they said in statements released by official media.
-
Saudi-Led Coalition Says Aramco Fire "Under Control" After Yemen Rebel Strike
Yemen's Houthis said they launched attacks on Saudi energy facilities on Friday and the Saudi-led coalition said oil giant Aramco's petroleum products distribution station in Jeddah was hit, causing a fire in two storage tanks but no casualties.
-
India's Giant Role In Driving Up Oil Prices
Oil refiners in the world's third-biggest crude importer are stepping up purchases as they strive to meet annual production goals, giving prices another tailwind as they march toward $100 a barrel.
-
World Food Prices Fall In June For First Time In A Year: UN Food Agency
World food prices fell in June for the first time in 12 months, pushed lower by declines in vegetable oils, cereals and dairy products, the United Nations food agency said on Thursday.
-
Global Food Prices Rise At Rapid Pace: World Agriculture Body
Global food prices rose in May at their fastest monthly rate in more than a decade even as world cereal production is on course to reach a new record high, the Food and Agriculture Organisation (FAO) of the United Nations reported on Thursday.
