OPEC+ faces compliance challenges as rising crude output complicates supply management efforts. Oil prices edged lower following a sharp rally, as markets balanced tight U.S. fuel inventories ...

OPEC+ is set to start increasing oil supply to the market starting in April and will add about 120,000 barrels per day. This move has already caused prices to drop by $3 a barrel, reaching their ...

Crude oil prices remained range-bound last week as traders balanced geopolitical risks with rising supply. While strong fuel demand provided support, bearish fundamentals—including increased U.S ...

International Energy Agency (IEA) on Thursday projected that global crude oil supply may exceed demand by around 1 million barrels per day (mb/d) in 2025 as rising trade tensions and OPEC+ winding ...

(Reuters) -Oil prices fell on Friday but were still poised for a weekly gain on supply disruption in Russia while uncertainty ...

Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said on Thursday, revising down its 2025 demand growth forecast. Meanwhile ...

Perhaps one of the most vulnerable is the oil (CL1:COM) industry. This stems from the fact that even small changes in demand relative to supply can have an outsized impact on price. For those with ...

The International Energy Agency said the macroeconomic conditions underpinning its oil-demand projections have ... and that it sees a bigger-than-anticipated supply surplus if OPEC+ raises output ...

The International Energy Agency reported that global oil supply could exceed demand by around 600,000 barrels per day this year, with global demand now expected to rise by just 1.03 million bpd ...