Sesame: Vital Oil Seed Crop Imperiled by Drought Stress
Sesame (Sesamum indicum L.) is an important oil seed crop, but its quality, and production are often reduced by drought stress. Sesame (Sesamum indicum L.) is an important oil seed…
OPEC and IEA at Odds Over Oil Demand Growth Forecasts
The world’s premier forecasters of oil demand growth, OPEC and IEA find themselves further apart than they have been in at least 16 years, as per Reuters research. In a…
Malaysia to Vigilantly Observe EU Response to WTO Ruling on Biofuels
As the EU contemplates its response to the WTO ruling, Malaysia stands poised to assert its interests and ensure adherence to international trade norms. In a significant development, Malaysia has…
Power Down: Hubco Predicts Decline in Pakistan’s Electricity Demand
The reduction in power consumption holds significance as an economic indicator in Pakistan’s developing economy. Pakistan’s leading private utility company, Hub Power Co Ltd (Hubco), foresees a drop in the…
USA Blocks China from Tapping Oil Reserves
The latest U.S. funding bill has included a provision to block China from purchasing oil from the Strategic Petroleum Reserve (SPR). In a move reflecting bipartisan concern over China’s economic…
Red Sea Disruptions and OPEC+ Cuts Tighten Oil Markets
Disruptions in Red Sea shipping routes and ongoing OPEC+ supply cuts are driving tightening conditions in oil markets, leading to a surge in futures prices. Recent disruptions in Red Sea…
OPEC Chief: Oil Still Vital Despite Growing Pressure for Clean Energy
Al Ghais’ call for pragmatic, inclusive approaches underscores the need for holistic solutions that address the multifaceted challenges of energy transition. In a thought-provoking address at the World Governments Summit…
Saudi Arabia Halts Oil Capacity Expansion Plans Amid Energy Transition
In a strategic shift signaling the impact of the global energy transition, Saudi Arabia has announced the suspension of its oil capacity expansion plans. In a strategic shift signaling the…
US Crude Oil Production Hits Record High of 13.31 Million Barrels per Day
U.S. crude oil production reached a new milestone in November, escalating by 0.6% to a record-breaking 13.31 million barrels per day, according to the latest report from EIA. In a…
OPEC Predicts Strong Global Oil Demand, Especially in 2025
The Organization of the Petroleum Exporting Countries (OPEC) has reaffirmed its outlook for strong growth in global oil demand, particularly in 2025. The Organization of the Petroleum Exporting Countries (OPEC)…
North Sea oil: Tiny Impact on UK fuel Use by 2030, Says Analysis
In a recent analysis by ECIU, it has been found that oil obtained from new licenses granted to North Sea producers will contribute to less than 1% of the fuels…
China’s Iranian Oil Trade Stalls as Tehran Demands Higher Prices
China’s oil trade with Iran faces a setback as Tehran withholds shipments and seeks elevated prices, impacting the world’s leading crude importer. China’s oil trade with Iran faces a setback…