22 Apr, 2025

US oil production set to peak in 2027 as shale boom fades, EIA forecasts

US oil production is projected to reach its highest level ever at 14 million barrels per day (mbbl/d) in 2027, maintaining this plateau until the end of the decade before entering a period of sustained decline,... more

22 Apr, 2025

Oil and gas industry shifts focus to infrastructure-led exploration amid tight budgets

Amid mounting financial pressures, volatile commodity prices, and a dwindling pool of untapped basins, oil and gas companies worldwide are fundamentally changing their exploration strategies. Operators are n... more

16 Apr, 2025

Asia set to dominate global benzene capacity by 2030

Asia is projected to lead the world in benzene capacity by 2030, driven by rapid growth in the automotive and construction sectors. A new report indicates the region will add 5.45 million tonnes per annum (m... more

16 Apr, 2025

Trump’s tariffs trigger sharp oil price drop, risking Russia’s economy

A sharp decline in global oil prices, triggered by US President Donald Trump’s imposition of new tariffs, is posing a significant risk to the Russian economy, according to Russia’s central bank governor, El... more