US oil production will peak at 14 million barrels per day in 2027 and maintain that level through the end of the decade, before rapidly declining, the US Energy Information Administration said on ...

In the Organisation for Economic Co-operation and Development (OECD) countries, oil demand has been revised downward and is now expected to increase by only around 40,000 bpd. Meanwhile, demand in non ...

In 2022, the G7 nations, Australia and the European Union implemented a price cap of $60 a barrel on Russian crude oil to limit how much Moscow can make from its crude oil exports. The EU is a ...

General Assembly passes $59.8 billion budget Supermajority prioritizes investments in education, public safety and infrastructure The House and Senate chambers on Wednesday marked the fulfillment ...

What's the context? To boost declining crude output, Nigeria wants to resume drilling in oil-wrecked communitiesLAGOS - Supporters point to the jobs and talk up the money. Opponents mourn the lost ...

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In it are cigarette packets as ornate as oil paintings, wrappers of sweets promising ... Royalty pops up: the Union Jack is a regular. Patriotism leveraged to make a quick buck, big right till ...

Illustration shows Oil pump jack, U.S. and Russian flags ...

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China does not recognize U.S. sanctions and is the largest importer of Iranian oil. China and Iran have built a trading ...