Global investments in oil projects are due to fall for the third year in a row, as the supply shock from the Middle East conflict shifts priorities to new trade routes and other energy sources.
Global investments in oil projects are due to fall for the third year in a row, as the supply shock from the Middle East conflict shifts priorities to new trade routes and other energy sources.
Oil pipes, to be installed on the Equinor ASA Johan Castberg production vessel, at the Aker Solutions ASA shipyard in Stord, Norway, on Monday, March 25, 2024. The vessel will tap Norway's newest oil field, the Johan Castberg development in the Barents Sea that is estimated to hold between 450 million and 650 million barrels of oil, in the latest stage of the country's push to extract more resources from the Arctic. Photographer: Andrea Gjestvang/Bloomberg
Major OPEC+ members agreed another modest symbolic increase to their oil output quotas for July, even as a blockage of exports from the Persian Gulf prevents most of them from implementing it.
Major OPEC+ members agreed another modest symbolic increase to their oil output quotas for July, even as a blockage of exports from the Persian Gulf prevents most of them from implementing it.
The headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, on Sunday, April 5, 2026. The United Arab Emirates will leave OPEC and its wider alliance, dealing a blow to the group and its leader Saudi Arabia as the global oil industry grapples with the massive supply disruption caused by the Iran war.
Group of Seven nations are weighing joint action to protect farmers and bolster food security as the war in the Middle East disrupts fertilizer supplies.
Group of Seven nations are weighing joint action to protect farmers and bolster food security as the war in the Middle East disrupts fertilizer supplies.
A tractor drips nitrogen fertilizer onto rows of romaine lettuce at a farm near Gonzales, California.
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