The United States finds itself at a critical crossroads in the battle against climate change, as the current administration's unrelenting drive to expand oil and gas production threatens to unravel decades of environmental progress and push global warming beyond catastrophic thresholds. This
The global crude oil market is experiencing a profound transformation, driven by a stark imbalance between supply and demand, compounded by escalating geopolitical tensions that are redefining trade patterns. As projections extend through 2030, these dual forces are not only altering the pathways
In a striking turn of events, oil prices have plummeted, with Brent crude futures dipping to $66.37 per barrel and U.S. West Texas Intermediate (WTI) crude settling at $62.37 per barrel, marking declines of 1.7% and 2.0%, respectively. This sharp downturn has sent ripples through global markets,
What happens when a nation’s tax policies choke its own industries, pushing giants to seek refuge in foreign markets? Pakistan’s largest refiner, Cnergyico, finds itself in this very predicament, forced to pivot dramatically as domestic sales crumble under the weight of punitive taxation. With
In the heart of Nigeria's bustling oil and gas sector, a potential disaster loomed large as tensions between workers and management at one of the country's most significant industrial projects threatened to boil over into a full-scale strike. Dangote Refinery, a cornerstone of national economic
In a rapidly evolving global energy landscape, Iraq is taking bold steps to secure its position as a key player in the international oil market by forging a strategic partnership with ExxonMobil to establish crude oil storage facilities near major demand centers. This initiative, driven by the
