EXPERTS. OKLAHOMA IS A TOP CONTRIBUTOR TO OUR NATION’S CRUDE OIL SUPPLY. 2023 THE STATE PRODUCED 418,000 BARRELS A DAY, ABOUT THREE TIMES MORE ENERGY THAN OKLAHOMA CONSUMED. BECAUSE OF OKLAHOMA’S ROLE ...

Mandates for the level of biodiesel required for blending into fuel have risen in Indonesia (from B35, or 35% biofuel, to B40, or 40%) and Brazil (from B12, or 12%, to B14, or 14%), increasing the ...

"While oil demand has likely not suffered yet, rising concerns of weaker oil demand over the coming months require lower prices to trigger supply adjustments." The sell-off in oil markets comes amid ...

Serbian oil firm NIS faces difficulties acquiring oil due to impending U.S. sanctions and ... These developments create logistical challenges for fuel supply in the region, causing concern about the ...

Supply and demand are the main reason for the dip. After OPEC+ announced it’s increasing oil production next month by more than 400,000 barrels a day – much more than expected – the price of ...

Oil Prices Today: Oil prices dropped more than $1 a barrel on Tuesday, reaching their lowest level in four years. Investors are becoming more worried about the chances of a global recession as the ...

Adding to the pressure, OPEC+ has decided to raise oil production by over 411,000 barrels per day as worries grow about supply levels. If nothing changes and the tariffs stay in place, oil prices ...

Adding to the pressure, OPEC+ has decided to raise oil production by over 411,000 barrels per day as worries grow about supply levels. If nothing changes and the tariffs stay in place, oil prices ...

That now appears optimistic. IEA had originally estimated oil supply at 103.3 million bpd. But this was before OPEC+ (the Organization of Petroleum Exporting Countries) decided to increase output ...

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 ...

President Trump campaigned on taming inflation, in part by increasing U.S. oil supply to lower energy prices. The recent slump in energy prices, however, has been driven by pessimism about the ...

US bank Morgan Stanley has lowered its 2025 forecast for oil consumption growth ... “inventories build, driving Brent to the low-$60s”, it said. On the supply side, the bank sees a market ...