Oil prices steady near $70.11 – $70.39 resistance with supply disruptions from sanctions clashing with weak demand. U.S.

depending on OPEC+ policy and demand developments. The threat of supply disruptions due to sanctions is likely to linger, particularly when it comes to the Venezuelan and Iranian oil supplies.

Oil prices rise as Middle East tensions and China’s stimulus drive demand, while global supply risks add to market volatility. OECD warns that U.S. tariffs may slow North American growth ...

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 ...

The IEA also predicts that global oil supply will continue to surpass demand. The agency now anticipates an excess of around 600,000 barrels a day, which is a higher estimate than last month.

Some argue that financial speculation plays a role larger than supply and demand fundamentals in driving oil price volatility. What do we know about the influence of derivatives trading on oil ...

Oil prices are under significant pressure, with Brent witnessing its largest sell-off since August 2022. Front-month prices are trading below US$70/bbl. Worse-than-expected reciprocal tariffs from the ...

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 ...

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 ...

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 ...

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 ...