IEA head expresses serious concern over weakening global oil demand

October market report, worldwide oil demand is set to increase by just 862,000 barrels per day (bpd) this year as China’s economy slows. Read More

IEA: Oil market to face sizeable surplus next year

With weak demand growth and continued supply gains, the oil market will face a sizable surplus in the new year unless a major supply disruption occurs. Read More

Oil settles up 2% as Middle East war rages and supplies tighten

Oil prices settled higher for the second consecutive session on Tuesday, as traders downplayed hopes of a Middle East ceasefire and focused on signs of improving demand from China, which could tighten ... Read More

Why the Oil Market Is Not Shocked

Geopolitical turmoil, particularly in the Middle East, used to send oil prices soaring, as frantic traders—anticipating potential supply shortages—added what’s often called a “war premium” to the ... Read More

IEA Sees “Sizeable Surplus” in Oil Market as Demand Growth Slows

The IEA predicts a significant oil surplus in 2025 due to slowing demand growth and rising supply from non-OPEC+ producers. Read More

IEA forecasts oil surplus, OPEC lowers oil demand growth

Global oil prices are hovering around $70 per barrel, following a decline of over 7% last week, despite escalating geopolitical tensions in the Middle East.. IEA forecasts oil surplus, OPEC lowers oil ... Read More

Indian oil minister hopes global oil prices will come down

India's oil minister hopes that global oil prices will come down despite geopolitical tensions as more supplies are coming into the market. Read More

OPEC+ Iran-Israel Tensions: What’s Next For Oil Prices?

Benchmark U.S. crude saw its largest one-day gain in a year ... the global oil market. Producing approximately 3.99 million barrels per day, Iran accounts for about 4% of the world's oil supply. Read More

OPEC Cuts Global Oil Demand Growth Forecasts for Third Consecutive Month

OPEC trimmed its forecasts for oil demand growth this year and next for a third consecutive month as the group belatedly recognizes a slowdown in global fuel use. Read More

Global battle against inflation ‘largely won’

High inflation has mostly been defeated around the world, the International Monetary Fund said Tuesday, providing a surprisingly upbeat assessment on prices after warning only three months ago that ... Read More

Oil Posts Largest One-Day Gain in Nearly a Year

Traders see room for oil futures to continue rising, with Robert Yawger of Mizuho Securities USA speculating in a note that the next level of ... traders into futures, says Peter Cardillo of ... Read More

Saudi Arabia Scraps $100 Oil Price Target to Boost Market Share

The world’s top crude exporter and leader of OPEC, Saudi Arabia, and its allies in the OPEC+ group have been withholding oil supply for over a year, in a bid to balance the market and prop up ... Read More