Global oil demand 'clings by a thread' and even AI might not do much to boost crude
"Crude demand clings by a thread," Bank of America said, predicting that slowing global GDP and green infrastructure will ...
Iran Makes Threat Over Key World Oil Supply Route
The Iranian military has the capability to blockade the Strait of Hormuz if necessary, says Iran's naval commander.
OPEC takes long-term view of global oil markets, aims for stability
Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al Ghais said at the India Energy Week ...
EIA sees global oil glut expanding as production keeps growing
Crude oil futures climbed to a two-week high, as concerns over sanctions on Russian and Iranian oil supplies and rising ...
Seeking Alpha29d
Global Monthly Crude Oil Production Peaked In 2018, Yet Institutions Are Forecasting A Glut
The global peak in oil production was reached in November 2018 at 84.6 mb/d. As of September 2024, global oil production has decreased by nearly 4 mb/d to 80.8 mb/d. The total liquids supply is ...
The i on MSN14d
Every Russian oil refinery attacked by Ukrainian drones, mapped
In December, Ukrainian drones targeted oil depots and refineries in Smolensk, Oryol, Bryansk and Rostov — an area that had previously been targeted in July. The General Staff of Ukraine’s Armed Forces ...
Business Insider29d
Gas prices will fall in the next 2 years as global oil supply outpaces demand, EIA says
US drivers could get some relief at the pump in the next two years as oil supply surpasses global demand, according to the US Energy Information Administration. The agency said US gasoline prices ...