oil

Sophisticated heavy industry has come to rely on data and analytics to push into the next frontier of efficiency. Oil and gas, agriculture, electric power, chemicals, and the materials and mining sectors are uniquely positioned to harness the power of…

The U.S. has been the world’s biggest oil producer since 2018 and continued its dominance in 2022 by producing close to 18 million barrels per day (B/D). This accounted for nearly one-fifth of the world’s oil supply. Read more in…

As the world moves towards the electrification of the transportation sector, demand for oil will be replaced by demand for electricity. Read more in visual capitalist   The EV Impact on Oil Consumption By Selin Oğuz was last modified: June…

One major risk in the coming year is the sharp drop-off in world trade growth, which fell from over 5% at the beginning of 2018 to nearly zero at the end. With anticipated escalation in trade conflicts, a contraction in…

From an energy perspective, Hawaii is unique. Located in the middle of the Pacific, the Aloha State runs on imported oil. But its island environment—from sunny days to active volcanoes—also holds the keys to a future powered by renewable energy.…