The IEA is the most bearish about demand in 2026, putting it at 104.7mn b/d. Opec is the most bullish, with a forecast of 106 ...

The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers ...

Crude oil prices fell sharply, pressured by mounting concerns of an oversupplied market after OPEC said it now expects a ...

The Vienna-based cartel expects global oil demand to grow by 1.3 million barrels a day this year and 1.38 million barrels a ...

Oil slips below $59 as rising U.S. inventories and OPEC’s surplus outlook pressure prices; traders eye $60 support amid ...

Oil prices fell more than $2 a barrel on Wednesday, weighed down by an OPEC report saying global oil supply will match demand ...

Oil prices edged down on Thursday, extending losses from the previous session, as a report showing rising crude inventories ...

Oil prices fell sharply on Wednesday after OPEC said it now expects the global market to be balanced in 2026, abandoning its ...

There are currently serious fears about a glut in the oil markets – too much oil. And an abundance of oil has the effect of ...

LONDON (Reuters) -World oil supply is expected to match demand next year in ​a reflection of the wider OPEC+ group's production ‌increases, an OPEC report showed on Wednesday, marking a further shift ...

Oil prices steadied on Wednesday after a sharp 4% slide the day before, with Brent trading near $63.08 and WTI around $58.80 ...

Oil prices hover near $61 as traders await OPEC and IEA reports. A breakout above $65 could reignite bullish momentum in ...