Goldman Sachs’ upward revision is fundamentally anchored in the anticipated persistence of supply-side disruptions, particularly in the strategically vital Strait of Hormuz. In a decisive reassessment of global energy dynamics,…
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…
On Sunday, OPEC+ countries, along with Russia and other partners, agreed to increase their oil production starting in October. Oil prices increased more than $1 on Monday, bouncing back from…
GCC’s tech-savvy population and efforts taken towards economic diversification will pave the road for growth opportunities. Despite ongoing global economic turbulence, the Gulf Cooperation Council (GCC) region has shown resilience.…
Officials are convinced that the increase in merchandise growth in India amidst the persisting geopolitical upheavals indicates an economy that is in recovery in the post-pandemic years. India’s merchandise trade…
The World Bank states that due to the falling oil value, the average price of global commodities like food and metals will go to a five-year low. The World Bank…
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…
Egypt intends, with the assistance of foreign partners and the incentives, to resume its oil and gas production levels starting in 2025 Egypt, the third-largest economy in the Arab world,…
Since the beginning of the war in Ukraine, gas imports into the EU have significantly decreased. Azerbaijan’s significance has increased accordingly. One of the oldest oil booms in the world…
According to consulting firm Wood Mackenzie, inadequate margins could force the permanent closure of around 24% of the world’s petrochemical capacity by 2028. Petrochemical producers in Europe and Asia are…