In its latest annual report on the outlook for oil demand, OPEC sees global oil demand rising by 18.6 percent from 103.7 million barrels per day in 2024 to around 123 mbd in 2050.

The global urbanisation rate is also expected to rise to 68 per cent from 58 per cent during the period, resulting in about 1.9 billion people moving to cities by 2050, Opec said.

A moderate but steady recovery in Crude prices poses additional support to the Loonie. The US Dollar retreated from two-week highs above 1.3700 on Wednesday, following the release of the FOMC m¡inutes ...

Trump suggested in February that he wanted to revive the Keystone XL project. The president sees it as a way to strengthen ...

Investors are weighing the potential impact of U.S. President Donald Trump’s tariffs on global economic growth, a move which steadied oil prices on Thursday. Brent crude futures were up 4 cents at $70 ...

Crude oil prices declined today, retreating from recent two-week highs as market participants grapple with ongoing trade uncertainties and rising U.S. stockpiles. The market's cautious tone reflects ...

Donald Trump has advocated expanding production of domestic oil and gas to tackle a "national energy emergency." ...

OPEC+ to Increase Output by 548,000 Barrels a Day in August. What it Means for Oil Markets. A court-appointed special master recommended a bid backed by Gold Reserve and Koch over a rival hedge-fund ...

U.S. President Donald Trump's signature budget bill slashed funding for refilling U.S. emergency oil reserves, violating his ...

Significant pipeline deals in Africa are shaping the continent's energy landscape, enhancing regional cooperation and ...

On Wednesday, Trump threatened Brazil, Latin America's largest economy, with a punitive 50% tariff on exports to the U.S., ...

Asian session.