Equinor to Boost Troll Gas Output with $412 Million Subsea Development.
Equinor and its partners in the Troll gas field have decided to invest more than $400 million in a new subsea development […]
Banks Slash Oil Price Forecasts After U.S.-Iran Breakthrough.
Morgan Stanley and Goldman Sachs cut their forecast for oil prices towards the end of the year and 2027 following developments in […]
Oil sinks as US-Iran deal boosts outlook for reopening of Hormuz.
Oil sank after the US and Iran agreed to an interim deal to end their months-long war, potentially allowing the Strait of […]
Oil Prices Plunge as U.S. and Iran Reach Deal to Reopen Strait of Hormuz.
Oil prices plunged in early Monday trading in Asia after the U.S. and Iran announced a deal to reopen the Strait of […]
Global growth is slowing to lowest level since pandemic, says World Bank.
Global economic growth will slow to 2.5% this year as a result of the war in the Middle East – the weakest […]
Trump administration amends Venezuela licenses to boost US investment in oil sector.
The US government just rolled out the welcome mat for oil companies eyeing Venezuela’s vast crude reserves, but the mat comes with […]
Foreign investment in US surges to $232 billion after four years of declines.
Foreign investment in the US jumped in 2025 after falling for four years in a row, a possible result of companies rushing […]
Japan Taps Reserves and New Suppliers to Beat the Oil Blockade.
Despite the Hormuz crisis, Japan has secured the same volumes of oil imports for July as it did a year ago, as […]
How a 42% reserve boost at one gold mine added $1 billion to Zimbabwe’s mining ambitions.
The Dokwe Gold Project, located in the southwestern district of Tsholotsho, recorded a 42% increase in proven and probable gold reserves, raising […]
U.S. Company to Send 250,000 Barrels of Fuel to Cuba.
An American company is preparing to send a cargo of diesel and gasoline to Cuba in what, if successful, would be the […]
Another oil discovery deepens confidence in Namibia’s prospects as an oil-producing nation.
The energy giant said that a substantial oil-bearing reservoir was found in its Merlin-1X exploration well, which is part of Petroleum Exploration […]
The ‘vibe economy’ is driving record debt; experts warn a ‘vapor economy’ could be next.
Americans are spending freely on vacations, nights out, and shopping sprees — even as inflation, high interest rates, and record debt climb […]