New BRICS Members Boost Bloc’s Global Energy Influence
BRICS is a group of major emerging economies, originally including Brazil, Russia, India and China, which was termed in 2001 by then Goldman Sachs...
Oil to hit $100? Analysts expect a return to triple digits before 2024
In an aerial view, oil storage tanks are shown at the Enterprise Sealy Station on August 28, 2023 in Sealy, Texas. Brandon Bell | Getty...
BofA Sees Gold Over $2,000 Oz in Coming Months
ank of America Securities expects gold prices to head over $2,000 oz in the coming months on the back of developments in US interest rates...
Biden Is Re-Evaluating Relations With Saudi Arabia Following The OPEC+ Cut
U.S. President Joe Biden is re-evaluating the United States’ relationship with OPEC’s de facto leader Saudi Arabia after the Kingdom led the OPEC+ group to...
Global Recession Fears Push Oil Prices Lower
The bullish news of the OPEC+ output cut is wearing off, and the market is once again focusing on the possibility of a global recession....
The U.S. Is Preparing Its Response To The “Short-Sighted” Strategy Of OPEC+
The United States is considering “response options” in its relations with OPEC+ members and its de facto leader Saudi Arabia after the group announced a...
The Finite Factor Standing In The Way Of The Renewable Revolution
Earlier this year, now former UK Prime Minister Boris Johnson said the country could become the Saudi Arabia of wind. In the United States, just...
EXCLUSIVE-Saudi Arabia doubles Q2 Russian fuel oil imports for power generation
Saudi Arabia, the world’s largest oil exporter, more than doubled the amount of Russian fuel oil it imported in the second quarter to feed power...
Who Really Controls The World’s Oil Reserves?
Big Oil majors in the United States have found themselves the target of much pressure to boost production lately, as prices go wild amid a...
Can Biden Break The Alliance Between Saudi Arabia And Russia?
The Kremlin hopes that the U.S. diplomacy will not seek to turn Saudi Arabia against Russia, Kremlin spokesman Dmitry Peskov said on Wednesday, commenting on...