Trump’s Win Is (Mostly) Good for the Energy Industry
President-elect Donald Trump wants to “drill, baby, drill,” but industry is focused on returns, Ben Cahill writes in a guest ...
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...
IEA Lifts 2024 Oil Demand Forecast But Trims 2025 Projections — Commodities Roundup
The Paris-based organization forecasts global demand to grow by 921,000 barrels a day in 2024 from 862,000 barrels a day previously, largely due to stronger-than-expected gasoil deliveries in OECD ...
Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, ...