OPEC Exit, A New Global Chessboard
A pivotal shift is unfolding on the horizon of global energy politics one that is not only reshaping the balance of oil markets but also redefining the dynamics of international…
Oil price hits four-year low
NEW YORK (Agencies): Oil prices tumbled over 3% on Monday, deepening last week’s losses, as escalating US-China trade tensions heightened fears of a recession that could slash crude demand. Global…
Baghdad Approves $4.5 Billion Oil Pipeline Project
Baghdad (Agencies): The Prime Minister’s Office (PMO) revealed recently that the Iraqi cabinet has approved a $4.5 billion initiative to build the Basra-Haditha oil pipeline. The planned pipeline would deliver…
Goldman Sachs Warns of Possible Oil Prices Doubling Amid Red Sea Disruptions
NEW YORK (Agencies): In a recent interview with CNBC, Daan Struyven, Goldman Sachs’ head of oil research, cautioned that global crude oil prices could potentially double if disruptions caused by…