oil

Global energy demand in this year’s WOO is set to expand by 24% in the period to 2050, driven by significant expansion in the non-OECD region. The outlook sees the need for an expansion in all energy…

Oil refineries play a key role in transforming crude oil into essential power sources that people need for their daily lives. As of 2024, there were 825 operational crude oil refineries in the world…

Erbil voted to go it alone in 2017, but that was when it controlled its own oil to sell through Turkey. Today, it does neither. With no partners on the horizon, it is left seeking central handouts.

War sent oil firms running while the loss of territorial control in the oil- and gas-rich north-east left the Kurds with the hydrocarbons and Damascus reliant on Iran. Will the good times roll again?

The world faces a renewed geopolitical fault line in South America. Borders drawn by colonial powers cross disputed territory now rich in resources. Fears of war are real, but open conflict unlikely.

Al Majalla outlines the main factors behind Saudi Arabia and Russia's decision to cut oil production and how this could impact the upcoming US elections

Oil reserves in Sudan and South Sudan remain underutilised, largely due to war. Meanwhile, lack of stability has curbed potential foreign investment in East Africa's oil fields.

Saudi Arabia's first-quarter budget figures reflect a steadily diversifying the economy, reducing reliance on oil as the country's main source of income, and boosting opportunities the private sector

With more than 15 million Syrians in need of aid an agreement to resurrect oil production may be the answer with Libya setting the precedent

The decision to reduce production to 3.6 million barrels per day is the largest oil cut since the pandemic