Oil Shortage Scenario Looms Large
The world is running out of oil. Implausible three months ago, the likelihood of a crude shortage on…
IEA Revises 2026 Forecast: Oil Deficit Widens as Iran War Cuts Production
Global oil demand is set to exceed supply in the current year amid the ongoing conflict in the…
Global fuel crisis: Australians urged to work from home by Energy Minister Chris Bowen
Australians are being urged to work from home where possible to ease demand for fuel as the government…
With oil prices soaring, can Venezuela’s vast supplies fill the gap?
On paper, Venezuela should be an oil-churning powerhouse. It sits atop an estimated 303 billion barrels, which translates…