OPEC predicts global oil demand will hit 107.7 million barrels per day by late 2026, indicating a strong recovery in energy consumption.

Editor’s Note: This forecast highlights the expected rebound in global energy needs, which could impact economies and fuel markets as recovery continues.

Oil prices are steady as markets await U.S.-Russia peace talks and a potential trade truce with China, which could influence demand.

Editor’s Note: This story matters because fluctuations in oil prices can significantly impact the global economy and consumer costs, especially amid geopolitical tensions.

Nayara Energy, an Indian refiner, will receive its lowest amount of crude oil ever this month due to EU sanctions impacting oil imports and product exports.

Editor’s Note: This story is significant because it highlights how international sanctions can severely affect energy supply chains, impacting fuel availability and prices in India.

Norway's massive wealth fund has reduced its investments in major oil companies like Exxon Mobil and Chevron during the first half of the year.

Editor’s Note: This move could signal a shift in investment strategy, reflecting growing concerns about climate change and the sustainability of fossil fuels.

TotalEnergies SE is set to launch a new drilling campaign off the coast of South Africa in a region that has seen significant oil discoveries in Namibia.

Editor’s Note: This story is important because successful drilling could enhance South Africa's oil supply and boost the economy, especially following promising discoveries in neighboring Namibia.

Chinese refiners are reducing their oil purchases from Saudi Arabia, indicating a potential shift in global oil trade as Russian crude supply increases, says Energy Aspects Ltd.

Editor’s Note: This story matters as it highlights potential changes in the global oil market, which could impact prices and trade dynamics, especially amid rising Russian oil availability.

Oil prices remain steady as President Trump postponed imposing high tariffs on China, helping to ease tensions between the U.S. and China, two major players in the global economy.

Editor’s Note: This story is important because fluctuations in oil prices can affect global markets and economies, especially with the U.S. and China being key drivers of demand.