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Keywords: Oil supply
Oil prices dipped Monday despite the U.S. military operation that nabbed Venezuelan President Nicolás Maduro over the weekend, as traders weighed potential supply hits against a global market already awash in crude. Brent futures slid 0.6 percent to $60.38 per barrel, West Texas Intermediate easing......
Ukraine carried out a series of drone attacks on Christmas Day that struck key Russian energy sites, intensifying a campaign that has increasingly focused on disrupting Moscow’s oil and gas infrastructure. According to sources cited by media reports, Ukrainian drones hit the Orenburg gas processing......
Oil prices dipped as fears of excess supply overshadowed geopolitical tensions, which have long shaped market sentiment. Despite ongoing uncertainties linked to the war in Ukraine, traders shifted their focus to the growing imbalance between global oil production and consumption. Benchmark Brent crude......
Hungary has stepped up fuel shipments to Serbia as the Balkan nation faces the prospect of an energy crunch triggered by US sanctions on its majority-Russian-owned refinery. During a visit to Belgrade, Hungarian Foreign Minister Peter Szijjarto announced that energy company MOL has more than doubled......
Oil prices have plummeted amid growing forecasts of a historic supply surplus extending into 2027, raising concerns among investors and analysts about prolonged market imbalance. Despite geopolitical uncertainties, the market is bracing for a significant glut driven by supply outpacing demand at an unprecedented......
The International Energy Agency (IEA) has raised its global oil supply growth forecasts, cautioning that the market may face increasing imbalances in the coming years. According to the agency's latest monthly report, global oil supply is projected to outpace demand by 4 million barrels per day (bpd)......