World News Opec Further Cuts World Oil Demand Forecasts Marketwatch

Oil demand set to peak by 2029, major supply glut looms, IEA says

Global oil demand will peak by 2029 and begin to contract the following year while the U.S. and other non-OPEC countries add to supply, the International Energy Agency said on Wednesday, resulting in ... Read More

WTI Oil Sinks to Multi-Month Low Amid Concerns Over Voluntary OPEC+ Cuts

WTI oil shed more than 3% on Monday after a complex OPEC+ decision on Sunday left the door open for voluntary cuts to be gradually unwound. Monitor this crucial chart range. Read More

World Bank Projects Oil Oversupply Will Drop Prices to Five-Year Low in 2026 -- OPIS

The organization said the implied market surplus of 2.7 million b/d in the third quarter of this year, the largest since 2020, underscores the persistence of the oversupplied market. While stockpiling ... Read More

OPEC+ makes subtle shift to mitigate potential crude oil glut

OPEC+ managed to both meet market expectations and deliver a surprise by agreeing to a small rise in crude oil output for December, but then pausing for the first quarter of next year. Read More

OPEC ready to raise oil output if required after US sanctions on Russia, Kuwaiti minister says

OPEC is ready to raise production by rolling back its oil output cuts further if required to address market shortfalls after the United States imposed new sanctions on Russian oil majors, Kuwait's oil ... Read More