Keywords: Petroleum
The United States' Strategic Petroleum Reserve has fallen to its lowest level in more than four decades, according to the latest data released by the U.S. Department of Energy. The reserve held approximately 286.6 million barrels on August 28, marking its lowest recorded level since November 19,......
Venezuela’s interim president Delcy Rodríguez has outlined details of a proposed long-term oil agreement with the United States, describing it as a 25-year bilateral project aimed at reviving the country’s energy sector and strengthening public revenues. According to Rodríguez,......
Inflation continues to rise in France. According to the preliminary estimate published by Insee on Friday, consumer prices increased by 2.4% year-on-year in August, up from 2.1% in July. The acceleration is primarily driven by energy prices, which have surged significantly over the year. Price increases......
The Organization of the Petroleum Exporting Countries (OPEC) has revised its expectations for global oil demand growth, lowering its forecast for 2026 while adopting a more optimistic outlook for the following year. In its latest monthly report, OPEC estimated that global oil demand will increase by......
The global oil market is entering a period of structural change as demographic trends increasingly influence where energy demand is concentrated. While ageing populations are putting pressure on consumption growth in many advanced economies, younger and rapidly urbanising populations in Asia and Africa......
India's three largest state-owned fuel retailers have defended the quality of E20 petrol, stating that extensive nationwide testing found no evidence of contamination concerns raised in recent public discussions. In a joint statement released on Friday, the companies said the fuel continues to comply......
India's fuel consumption climbed to its highest level in four months during July, reflecting resilient domestic energy demand despite mixed performance across individual petroleum products. New data released by the country's Petroleum Planning and Analysis Cell (PPAC) showed total fuel consumption......
The United States' Strategic Petroleum Reserve (SPR) has declined to its lowest level in more than four decades, highlighting the continued reduction of one of the world's largest emergency crude oil stockpiles. According to official energy data, the reserve fell by nearly 2.9 million barrels......
The OPEC+ alliance is expected to approve a modest increase in oil production quotas for September, according to sources familiar with the discussions, before temporarily suspending further monthly output increases as the group completes the rollback of its voluntary production cuts. The proposed adjustment......
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