The Strait of Hormuz is roughly 33 kilometres wide at its narrowest point. One fifth of the world’s oil and gas moves through that corridor. Since the conflict involving Iran, the United States, and Israel escalated a month ago, that…
Oil Stabilizes but Continues to Head Toward Weekly Decline
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Oil prices remained relatively unchanged on Friday but are still on course for a weekly loss due to concerns on the possibility of significant increases in interest rates, which are anticipated to slow both global economic growth and fuel demand.…
OPEC considers the shift from oil to renewables to be risky
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According to the Organization of Petroleum Exporting Countries (OPEC), the narrative that the energy shift is from oil and other fossil fuels to renewables is "misleading" and "possibly hazardous." This comes only hours After the release of the Glasgow Climate…