Oil prices stabilized on Wednesday after rising sharply earlier, amid fears of an escalation of the conflict between the United States and Iran. Iran launched more than a dozen ballistic missiles at bases in Iraq […]
Oil is on the right track to achieve its largest annual gain since 2016 as fears of oversupply decreased with the drop in US crude oil inventories, and high geopolitical risks led to higher oil […]
Oil prices hit new highs to make the biggest monthly gains in nearly a year as expectations emerge in the market that supplies will shrink in the markets. Oil futures rose 1.1% on the New […]
Oil prices rose on Thursday thanks to a possible boom in the Sino-American trade war and OPEC-led efforts to limit oil production in the market, although trading was calm as many markets were closed due […]
OPEC and its allies were again forced to take new measures to avoid a collapse in oil prices. It is widely expected that the organization led by Saudi Arabia and Russia (now called “OPEC+”) will […]
A new report reveals that wind speeds are now excessively increasing after three decades of slowdown. With average wind turbines producing 17% of energy in 2017, the report found that current trends continued to 2024, […]
Oil posted its weakest quarter since late last year as concerns over the global economic slowdown increased, especially after an unprecedented attack on Saudi Arabia’s key energy facilities. Brent futures have fallen 8.7% since the […]
Previously, during the turbulence of oil exports in the Middle East, the United States was in great pain as gasoline and other fuel prices soared. Costs could also rise in the coming weeks if Saudi […]
The United States has briefly become the world’s No. 1 oil exporter as record shale production finds its way to global customers, and there are possibilities for going even further. The International Energy Agency said […]
Saudi Arabia is one of the largest crude oil exporters, and has the largest oil reserves in the world. The crude oil reserves of the Kingdom total 262 billion barrels. One company in Saudi Arabia, […]
Sky Economy News