Energy Transition Stalls as Oil Super-Cycle Risks Return
Monday, 18 August 2025 () Global oil supply at current rates may not be enough to meet rising demand if it grows at the pace expected by OPEC, according to the latest resource estimate by intelligence firm Rystad Energy. Recoverable oil resources, including estimates for undiscovered fields, have stabilized at approximately 1.5 trillion barrels globally. However, in the most significant revision in resources over the last 10 years, Rystad Energy has lowered its estimate by around 456 billion barrels for yet-to-find resources. That’s because frontier exploration has…
Russian Foreign Minister Sergey Lavrov strongly criticized U.S. pressure on India over its oil trade with Moscow, backing New Delhi’s stance during high-level talks with S. Jaishankar. Hours after meeting Lavrov, India’s Foreign Minister also met Russian President Vladimir Putin, where both sides...
Hungary has sounded the alarm after Ukrainian forces struck the Druzhba oil pipeline once again, cutting off vital Russian oil supplies to the country. Hungarian Foreign Minister Peter Szijjarto..
A major escalation in Europe’s energy war: Russian crude oil flows to Hungary and Slovakia through the Druzhba pipeline have been suspended after an alleged Ukrainian attack on a transformer station...
India has doubled down on its decision to continue purchasing discounted Russian crude oil despite U.S. President Donald Trump's remarks suggesting New Delhi may halt such imports. Indian state-owned..
Monday, 18 August 2025 ()
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