Expected demand for OPEC+ crude at 43.0 million bpd in 2026 implies that the world market will show a small surplus of 20,000 ...

Oil prices fell more than $2 a barrel on Wednesday, weighed down by an OPEC report saying global oil supply will match demand ...

Oil prices edged down on Thursday, extending losses from the previous session, as a report showing rising crude inventories ...

Oil prices edged up on Thursday, taking a break after major losses in the previous session, as investors weighed concerns ...

Heading into 2026, Opec’s data does indicate a surplus, though on a more moderate scale than other forecasters.

The cartel’s estimates remain well above the International Energy Agency’s.

Oil prices fell sharply on Wednesday after OPEC said it now expects the global market to be balanced in 2026, abandoning its ...

LONDON (Reuters) -World oil supply is expected to match demand next year in ​a reflection of the wider OPEC+ group's production ‌increases, an OPEC report showed on Wednesday, marking a further shift ...

Members of the Organization of Petroleum Exporting Countries and their allies decided over the weekend to boost oil output by ...

Oil prices steadied on Wednesday after a sharp 4% slide the day before, with Brent trading near $63.08 and WTI around $58.80 ...

The World’s July oil production increased by 428 kb/d to 84,726 kb/d, green graph, a new World Peak Oil All-Time High. Last ...

There are currently serious fears about a glut in the oil markets – too much oil. And an abundance of oil has the effect of ...