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Oil prices are forecasted to stay below $80 threshold for extended period

- Brent crude drops 9.2% to $65.74 in first week of April, marking its lowest weekly close since August 2021

05.04.2025 Oil

Oil giants' profits decline 16% in 2024

- In total, companies' combined net profits drop from approximately $259.2 billion in 2023 to $217.65 billion last year

21.03.2025 Oil

Oil prices fail to break five-week downward trend

- Brent crude drops nearly 3% on Friday, marking sharpest decline since October 2024

22.02.2025 Oil

Yuan eyes top currency spot in oil trade, experts say replacing dollar will be lengthy

- Experts believe replacing petrodollar will take time while CBDC could give yuan the push to compete with dollar in long term

30.09.2024 Oil Energy Diplomacy

Oil prices to float below $80 in short-term on declining demand

- Oil prices end the week at $78.30, up 2.1%, signaling a recovery trend, although they remain below $80 mark

24.08.2024 Oil

Oil down by 2.2% in 2Q24 with low refinery demand, ease in Mid. East tension

- Brent tests $91.58 in April, highest level since October, then falls by 5.3% to $81.34 in May

22.07.2024 Oil General

Growing hostilities in Middle East could cause significant volatility in oil market

-Prices likely to remain elevated over short term until winding down of tensions, according to experts

20.04.2024 Oil

Oil demand peak dispute raises economic alarm

-Peak oil demand refers to theorized time when maximum rate of global oil production will occur before beginning an irreversible decline

13.04.2024 Oil

Oil prices increase by 12.9% in Q1 2024

- Prices test at $87.10 per barrel in March, highest level since November 2023, and rise 6.16% to average $86.79 per barrel for entire month

03.04.2024 Oil

Rystad predicts growth in Europe鈥檚 solar power generation in 2024

Rystad Energy forecasts continued strong renewable additions in 2024, with solar leading growth for first time in capacity and generation

05.02.2024 Wind Solar

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Crude oil prices forecast to range between $70 and $90 in 2024

While supply and demand will mostly balance out this year, experts warn that changes in geopolitics could lead to volatility

09.01.2024 Oil Finance Invesments

With new member Brazil, OPEC+ eyes increased market share, prices

- During their latest ministerial meeting on Thursday, group not only endorses its previous production cuts but also adds voluntary cuts from several members

02.12.2023 Oil Upstream Regulation International Organization

Saudi Arabia's supply decision at OPEC+ meeting to set direction for oil prices: experts

- Producers of 23-member OPEC+ group, led by Saudi Arabia and Russia, will convene on Sunday in Vienna to review market conditions and production policy for next year

22.11.2023 Oil

Oil and gas well intervention investments expected to increase by 20% in 2023: Rystad

- Algeria and Saudi Arabia are top two onshore markets, with over 11,000 wells offering great intervention potential between 2023 and 2028, says Rystad Energy

10.07.2023 Oil World Europe