Production and export of Russian oil sharply declined due to the war in Iran and Ukraine’s strikes
In April 2026, crude oil production in the Russian Federation decreased by 460,000 barrels per day compared to the same…
international energy
IEA Presents 10 Fuel-Saving Strategies Amid Oil Crisis
The global oil market is facing an unprecedented crisis due to the war in the Middle East, which has caused…
Exxon Mobil and ADNOC Consider Purchasing Foreign Assets of Russian Lukoil
International energy giants Exxon Mobil and Abu Dhabi National Oil Company (ADNOC) have joined the list of potential buyers for…
In 2026, a surplus of oil is expected in the global market of up to 4 million barrels per day
The global oil market may face a significant surplus in 2026, with the excess supply reaching 4 million barrels per…