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The global precious metals market is projected to grow by over USD 95 billion in the next five years, driven primarily by sustained investor demand for safe-haven assets and increasing industrial use in rapidly expanding technologies, according to a new report from Mordor Intelligence. The market size, which was valued at $290.34 billion in 2025, is forecast to reach $386.16 billion by 2030. This expansion reflects a compound annual growth rate (CAGR) of 5.87%, the research firm stated. Growth is being supported by a combination of investors seeking…
Oil from offshore Brazil, Guyana, Suriname, and Argentina’s Vaca Muerta shale play will be key sources of cost-competitive non-OPEC oil supply through 2030, Rystad Energy has predicted. Rystad has predicted that global liquids demand will peak in the 2030s at around 107 million barrels per day (bpd), maintain a plateau above 100 million bpd through the 2040s before declining to around 75 million bpd by 2050. According to the Norwegian energy consultancy, non-OPEC+ supply will be key to balancing the global market, with cheap oil from South…
Tory leader Kemi Badenoch has declared an oil and gas “emergency” in the North East of Scotland as she pushes the Labour government to overturn its ban on new oil and gas licenses. Badenoch has pledged to “get Britain drilling again” in a new campaign in partnership with the Scottish Conservatives. The announcement marks the Conservative leader’s growing focus on oil and gas, splitting from previous party leaders who were more critical of fossil fuels. Badenoch, who is currently in Aberdeen, has called on Chancellor…
A joint green-energy project involving Azerbaijan and Georgia has cleared an initial European hurdle, and its blueprint for exporting electricity from the Caspian Basin to the EU will now undergo a cost-benefit analysis. The European Network of Transmission System Operators for Electricity (ENTSO-E) opted to include the project, known as the Black Sea Green Energy Corridor, in a group of infrastructure projects under consideration within the framework of a Ten-Year Network Development Plan (TYNDP 2026). “Over the course of 2026, all projects…
Traders and crude market analysts are baffled by a ship-to-ship (STS) transfer of a Rosneft crude cargo offshore India without any attempt to conceal the origin of the oil, as the U.S. sanctions on Russia’s top oil producers and exporters have upended India’s crude purchases in recent weeks. Earlier this week the Fortis tanker, sanctioned by the UK and the EU, took about 720,000 barrels of Russia’s Urals crude from another sanctioned vessel, the Ailana, off the coast of Mumbai, according to tanker-tracking data compiled…
