The Feared Global Oil Glut Is Not Here, Yet
Global crude oil exports continue to hold strong and above the latest ten-year seasonal average. Demand, however, is…
Rystad Energy Reveals Surprising Oil Resource Trends
Rystad Energy’s latest research shows the global amount of discovered, recoverable oil resources has increased by 5 billion…
IEA: Record Supply Surge Sets Stage for Oil Stockpile Blowout
Soaring crude oil supply will lead to a record glut later this year and in early 2026 as…
Rumors of Shale’s Peak Were Premature
During earnings season for the first quarter of the year, the message of the U.S. energy industry to…
After OPEC’s Oil Supply Cuts, What Now?
OPEC+ will complete the unwinding of its largest production cut next month after agreeing this weekend to boost…
Oil rig count drops with prices that crude is commanding
Later today, oil services and technology company Baker Hughes will release its U.S. rig count, which is the…
OPEC+ likely to pause output hikes after next meeting, says Goldman Sachs
(Bloomberg) – The OPEC+ oil producer alliance is likely to make its next hike in collective output its…
IEA Doubles Down On Peak Oil Demand Forecast
A peak in global oil demand is still on the horizon, the International Energy Agency (IEA) said on…
OPEC+ Bets on Summer Demand as Q4 Glut Looms
The OPEC+ group was likely betting on robust demand during the peak summer driving season when it decided…
OPEC Chief Claims Oil Demand Growth Is Here to Stay
Crude oil demand will continue growing over the coming decades as the world’s population increases, the secretary-general of…
OPEC Oil Production Fell Short of OPEC+ Target in May
OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement which had a…
StanChart: OPEC+ Is About To Become Much More Transparent
A week ago, the 39th OPEC and non-OPEC Ministerial Meeting was held via videoconference, chaired by Prince Abdulaziz…