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

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

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

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

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 ...

Oil slips below $59 as rising U.S. inventories and OPEC’s surplus outlook pressure prices; traders eye $60 support amid ...

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

Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply.