Australia

Production will fall in mid-2030 due to crude oil price forecast of US$70

Production will fall in mid-2030 due to crude oil price forecast of US$70

The US oil production would fall until the mid-2030s, with global benchmarks trading below US$70 per barrel until 2030, the Energy Information Administration said Wednesday in its “Annual Energy Outlook” report. The United States would produce between 12.4 and 12.7 million barrels per day of crude oil by 2050, compared to 13.6 million bpd in ...

BYD plans to open 20 dealerships in Canada to boost global expansion

BYD plans to open 20 dealerships in Canada to boost global expansion

BYD Co. will open about 20 points of sale with partners in Canada this year, given that The country’s government is considering investments from the Chinese automotive industry to reduce dependence of the United States. “Canada’s initiative is very important,” declared Alfredo Altavilla, former manager of Fiat Chrysler Automobiles and current advisor to BYD in ...

Pakistan says Iran confirms attendance at talks with US in Islamabad

Pakistan says Iran confirms attendance at talks with US in Islamabad

Pakistan has stated that Iran has confirmed its participation in peace talks with the United States to be held in Islamabad later this week, in a context of growing global efforts to reach a permanent agreement to end the war in the Middle East after a two-week ceasefire. President Masoud Pezeshkian “reaffirmed Iran’s participation in ...

The country registered a hotel occupancy of more than 40% during Holy Week

The country registered a hotel occupancy of more than 40% during Holy Week

Last year hotel occupancy in Ecuador was 36.7%. The figure for this year’s holidays managed to exceed that of 2025 and reached 40.3%, while daily tourist spending was at the highest levels recorded in the country. Minister Jaramillo highlighted these results as positive, Although compared to last year the Easter week He had one less ...

Constellation Oil Services Holding expects war to boost oil drilling

Constellation Oil Services Holding expects war to boost oil drilling

A leading supplier of deepwater drilling rigs to Brazil’s national oil company expects The industry will favor oil and gas projects in Latin America, where the geopolitical risk is lower than in the Middle East. Constellation Oil Services Holding SA recently extended three offshore drilling contracts with Petrobras and is optimistic about the Brazil exploration ...

Iran has prepared its response to ceasefire proposals, according to Tehran

Iran has prepared its response to ceasefire proposals, according to Tehran

Iran has formulated its positions and demands in response to recent ceasefire proposals transmitted through intermediaries, a Foreign Ministry spokesperson said on Monday. who added that the negotiations were “incompatible with ultimatums and threats to commit war crimes.” Spokesman Esmaeil Baghaei said Tehran had a number of requirements based on its national interests that had ...

Weekly transits through Hormuz reach their highest level since the war in Iran began

Weekly transits through Hormuz reach their highest level since the war in Iran began

Traffic through the strategic Strait of Hormuz has been increasing over the last week, and On Friday the seven-day moving average of transits reached its highest level since the war began. More ships are crossing, including those with no clear ties to Iran or China, as countries negotiate with Tehran to allow their ships to ...

Abu Dhabi petrochemical plant halts operations after attack that caused fires

Abu Dhabi petrochemical plant halts operations after attack that caused fires

A huge petrochemical plant in Ruwais, in the United Arab Emirates, was paralyzed after an attack caused multiple firess, the Abu Dhabi government’s press office reported on Sunday. The fires were set due to the fall of debris from the interception of anti-aircraft missiles, according to the office in a publication in X. No injuries ...

Japan and Singapore will guarantee fuel supplies to Australia despite interruptions

Japan and Singapore will guarantee fuel supplies to Australia despite interruptions

The Australian government has received assurances from Asia’s major fuel exporting nations of that supplies will continue as normal despite disruptions caused by the war in Iran, Deputy Foreign Affairs and Trade Minister Matt Thistlethwaite said. In an interview with Sky News on Sunday, Thistlethwaite said he had sought and received commitments from Japan, South ...