News

World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply from outside the group grows, the ...
Arabian Gulf Business Insight on MSN1h

As summer demand ends, oil market shifts to oversupply

Premiums for prompt benchmark oil prices globally are falling compared with those in future months on rising output from the Middle East, Latin America and Europe, just as peak summer demand ends, ...
National Grid to Sell LNG Terminal to Centrica, Bridgepoint for $2.25 Billion Grain LNG comprises two National Grid subsidiaries which own and operate the U.K.'s largest liquefied natural gas import ...
Still, Dubai is relatively stronger than Brent, keeping the price spread between the benchmarks - known as the Exchange of ...
Dow Jones Top Energy Headlines at 12 AM ET: Nuclear Power Is Having a Pop Culture Moment | Oil ... Atomic energy has attracted influencers, spawned merch and even made a cameo on ESPN's 'College ...
Oil stocks rose today despite a hit to prices on warnings of a supply glut by the end of the year. The price of Brent Crude ...
Oil prices slipped on Wednesday as investors perceived the risk of an industry glut. West Texas Intermediate ( CL=F) futures fell as much as 1.6% to hover above $62 per barrel. Brent crude ( BZ=F ), ...
The NYMEX September West Texas Intermediate oil contract was 89cts lower at $62.28/bbl and October WTI was down by about the same to $61.59/bbl at about 11:30 a.m. ET. The October Brent crude contract ...
World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply ...
The Energy Information Administration predicts a significant drop in global oil prices, with Brent crude falling from $71 to ...
Nigeria produced 1.507 million b/d in July, above its 1.5 million b/d OPEC limit. • Output recovery driven by facility restarts and tighter Niger Delta security. • Abuja to seek higher quota at ...
The International Energy Agency says the world is heading straight into a record-breaking oil surplus in 2026, as global demand growth slows down and ...