Annual conventional discoveries have fallen from over 20 billion boe in the early 2010s to about 8 billion boe since 2020.

Global oil and natural gas consumption now vastly exceeds new discoveries, underscoring Herbert Stein’s warning that trends ...

Türkiye leads global export growth in the 2024-2025 season, recording a 132% surge in olive oil exports and positioning ...

OPEC projects road transport to add 4.6 mbpd and petrochemicals to emerge as a key growth pillar as India becomes the world’s biggest source of incremental oil demand.

Demand from China and the rest of the world ensures its impact on diplomacy and markets, but there's no question its ...

The International Energy Agency trimmed estimates for a global oil supply surplus this year and next for the first time in several months as demand strengthens and output growth slows. World supplies ...

Türkiye surpasses Italy in olive oil production, ranking 2nd after Spain, while leading in table oil production, ahead of ...

We've seen a lot of commentary about the U.S. arresting former Venezuelan President Nicolás Maduro through military action, and the subsequent rhetoric about our country running the South American ...

Till date, oil still counts as one of the most essential and strategic products in the world economy. It powers transportation networks, supports industrial production and still defines geopolitics ...

The International Energy Agency trimmed estimates for a global oil supply surplus this year and next for the first time in several months. Image by Cosminxp Cosmin via iStock The International Energy ...