An oil supply shock may not only be imminent but also inevitable given the tightness of the global oil market, the continued resilience of oil demand and the ever-shrinking global spare oil ...

American refiners are relying on oil supplies from the country’s biggest shale basins more than ever as flows of denser ...

Occidental’s CEO Sees Oil Supply Crunch from 2025 By Charles Kennedy - Jan 16, 2024, 11:00 AM CST The ratio of discovered resources versus demand has dropped in recent decades and is now at ...

A series of oil supply disruptions across the globe has helped push Brent crude prices above $81 a barrel for the first time since April.

Crude oil prices have sagged in recent weeks amid a surge in supplies. Some analysts are pointing to an autumn drop in global demand as the culprit. Futures on WTI crude oil, the U.S. benchmark ...

That hasn’t made supply and demand any easier. The International Energy Agency (IEA) estimated that global oil consumption hit an all-time high of `03 million barrels daily in June.

Oil prices climbed nearly 9% after Israel launched widescale strikes against Iran targeting nuclear facilities and missile factories, with benchmark Brent crude futures trading near $74.74 per barrel.

The oil market is racing toward a reckoning as a Saudi-led output surge only adds to expectations of a market that will be in surplus later this year. The crucial question is when? For months, the ...