Supply is set to rise three times faster than demand this year, the International Energy Agency said, though seasonal factors are tightening the market in the short term.

The IEA’s medium-term outlook sees global oil supply increase set to far outpace demand growth in coming years. With intensifying geopolitical strains and heightened uncertainty about global ...

The International Energy Agency has hiked its forecasts for global oil supply this year and next. The IEA increased its global oil supply growth forecast after OPEC+ this week announced a large ...

Without a major change in the Iranian government, there remains a significant potential for future threats to oil supplies from the various parties involved.

Oil prices dropped by less than 1% on Tuesday after U.S. President Donald Trump's 50-day deadline for Russia to end the war in Ukraine and avoid sanctions eased concerns about any immediate supply ...

According to a report by the commission, the oil firms resisted supplying crude to the Dangote Petroleum Refinery and other local plants, citing various reasons.

Oil prices made a modest recovery as June ended, driven by easing Middle East tensions, strong summer gasoline demand, and shifting global supply dynamics.

Oil prices edged lower in early trade, as concerns over OPEC+'s production plans and unresolved trade tensions continue to cloud sentiment. Brent crude fell 0.4% to $66.58 a barrel, while WTI was ...

Commodities trader Glencore is in talks with the British government over the status of its supply and offtake contract with the insolvent Lindsey oil refinery, according to a source familiar with ...

A refinery in Louisiana will receive crude from the nation’s stockpile to help address offshore oil supply issues.

Commodities company Glencore is in talks with the UK government regarding its oil supply contract for the Lindsey Oil Refinery, whose owners launched insolvency proceedings on Monday, according to ...

Oil futures surged Friday after Israel launched a wide-ranging attack against Iran’s nuclear facilities and military leadership, stoking fears of a regional conflict that could disrupt global ...