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 ...

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. IEA: crude supply is outpacing demand by 600,000 bpd. According to the chief executive of ...

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 ...

“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 ...

However, Trump's threats to impose secondary tariffs on Russian oil and to attack Iran fueled supply worries, limiting losses. Sign up here. Brent futures settled down 28 cents, or 0.37% ...

But that backing doesn’t guarantee the oil industry’s enthusiasm to expand drilling — especially when increasing supply could threaten ... mess out there, like driving through hell ...

The International Energy Agency said the macroeconomic conditions underpinning its oil-demand projections have ... and that it sees a bigger-than-anticipated supply surplus if OPEC+ raises output ...

Oil jumps 3.5% on Trump’s Iran threats; gold hits $3,115, marking strongest three-month rally since 2009. Pelosi’s latest AI pick skyrocketed 169% in just one month. Click here to discover the ...

NEW YORK : Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with new U.S. tariffs and their expected effect on the world's economy. Brent crude futures ...