A significant increase in global oil supply is projected for 2025, potentially reaching the highest level in ten years, but this hinges on oil prices remaining at levels that justify production.

Aside from the physical groundwork of gathering and processing oil, market factors are the true price-determinants of crude oil spot prices. Crude oil market regulations control supply and dynamics, ...

Light crude oil is posting a solid weekly gain, closing near $69.90 on Thursday, up roughly 2.4%, as traders responded to tightening global supply and rising geopolitical risks. However ...

“There is plenty of supply around,” said Hardy on oil availability for 2025 and in the medium term. He commented that despite some “threats” to potential supply, he sees that “by and ...

Aside from the physical groundwork of gathering and processing oil, market regulations are the true price-determinants of crude oil spot prices. Crude oil market regulations control supply and ...

selling into the resulting rally in oil producer stocks. In January of this year, the EIA predicted that a slight global liquid fuels supply/demand shortfall in the current quarter would give way ...

Advanced image processing and manipulation in JavaScript. image-js is a full-featured library that can deal with simple image processing (color leveling, grey image, mask, resize, rotation, etc.) as ...

1546 GMT – Oil prices extend gains in afternoon trade, buoyed by U.S. stockpile draws and U.S. pressure on Iran and Venezuela. Brent crude is up 1.2% to $73.27 a barrel, while WTI rises 1.4% to ...

X@Engr_Abdulmalik The Federal Government cut crude oil supplies to local refineries ... and Iranian and Venezuelan supply dropped on renewed U.S. attempts to curb the flows. OPEC pumped 26.63 ...

Oil prices settled higher on Friday and recorded ... plan from the OPEC+ producer group raised expectations of tighter supply. Brent crude futures rose 16 cents, or 0.2 per cent, to settle at ...

The US imposed 25% tariffs on countries buying oil from Venezuela, impacting the global crude market. Experts believe OPEC+ may adjust production to offset potential supply losses from Venezuelan ...

At 10:40 GMT, Light Crude Oil Futures are trading $68.68, up $0.40 or +0.59%. Recent U.S. sanctions targeting Iranian crude exports have introduced new supply risks, particularly as restrictions ...