Key Oil Market Drivers OPEC+ supply and the U.S. trade policies (and their effect on economies) will be the two key driving factors for oil prices this year, WoodMac says, although there are also ...

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 ...

Russia predicts a rise in global oil demand during the summer driving season, supporting OPEC+'s decision to increase supply from April. Novak emphasizes OPEC+'s flexibility, stating they are ...

How wrong the market was. Instead, the group announced it would increase the oil supply by 411k b/d in May. The group attributed the increase to healthy market fundamentals and a “positive ...

Meanwhile, the agency still expects global oil supply to exceed demand, now forecasting a surplus of ~600K bbl/day with a potential addition of 400K bbl/day to the market if OPEC+ raises output ...

NEW YORK, March 21 (Reuters) - Oil prices settled higher on Friday and ... the OPEC+ producer group raised expectations of tighter supply. Brent crude futures rose 16 cents, or 0.2%, to settle ...

0924 GMT – Goldman Sachs cut its oil-price forecasts for this year and next on expectations of slower demand growth and higher OPEC+ supply. “Brent oil prices have fallen from above $80/bbl in ...

(Bloomberg) -- Oil slipped as broader market weakness and concerns about a global glut of crude overshadowed escalating tensions in the Middle East. West Texas Intermediate fell 1% to settle below ...

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 ...