Oil Prices Drop 4% as OPEC, IEA Warn of Oversupply and Weak Oil Demand
The report showed an increase in output from the non-OPEC+ alliance. It is expected to increase by 920,000 barrels per day this year and by 630,000 barrels per day in…
The report showed an increase in output from the non-OPEC+ alliance. It is expected to increase by 920,000 barrels per day this year and by 630,000 barrels per day in…
In 2010, IEA thought Brazil’s output would hit 4.4 million bpd by 2020, but it was just over 3 million. Brazil is a Schrödinger’s Cat within OPEC+. It exists both…
Investments in new fossil fuel projects have surpassed global demand. Fossil fuels could soon become noticeably cheaper and more abundant as the countries speed up the transition to renewable energy…
The total oil supply is predicted to rise to almost 114 million barrels a day by the next decade, 2030 which is 8 million barrels a day more than the…
Worldwide, more than one out of four cars on the road are SUVs and a majority of them are conventional ICE vehicles. The SUV sales hit a new record in…