Oil benchmarks hit their lowest levels since 2021 as investors worried the inflationary risks of tariffs and OPEC’s recent ...
President Trump’s tariffs have raised fears of a recession just as projections for global oil supply have jumped.
the current developments in supply and demand could push oil prices consistently lower, to between $60 and $80 per barrel. Despite the bearish outlook, demand has repeatedly surprised on the ...
Wall Street Banks See Oil in the Low $70s. Rising supply and potentially weaker-than-expected demand are set to keep oil prices in check this year, with the price likely to average in the low $70s ...
HOUSTON, March 10 (Reuters) - Global oil supply growth is outstripping demand, the CEO of one of the world's largest oil traders,Gunvor, said on Monday. Oil prices hit a three-year low last week ...
Meanwhile, global oil supply is still expected to exceed demand. The agency said it now estimates an overhang of around ...
OPEC+ agreed to make a larger than expected oil supply hike in May, deepening the slump in oil prices triggered by President Donald Trump’s tariffs. The group led by Saudi Arabia and Russia will ...
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 ...
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 ...
It also features an integrated chain brake and electronic ignition system that keeps you safe before, during, and after use. Shoppers love its automatic oil supply system that delivers a steady ...
China has taken necessary steps to ensure ‘we are not dependent on any single nation or route’ for energy needs, top legislature deputy says.