The world oil market will face a significant surplus in Q1, and excess supply has offset geopolitical risks of disruption so far, the International Energy Agency said Wednesday in its monthly oil ...
The projected global crude oil surplus in the fourth quarter of 2025 has narrowed due to a halt in production, the International Energy Agency said on Thursday. Meanwhile, the forecast for global ...
The International Energy Agency (IEA) cut its forecast for next year’s global oil surplus for the first time since May, citing stronger demand expectations and weaker supply from nations facing ...
Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge can ...
Global oil demand will rise by about 1.4 million barrels per day (bpd) next year, supported by solid economic growth, OPEC said in its monthly report ton Thursday, keeping its demand forecasts ...
Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. The world’s oil demand growth is set to rise by 930,000 barrels per day (bpd ...