OPEC Lowers Oil Demand Forecast Due to War in Iran and Market Impact
The Organization of the Petroleum Exporting Countries (OPEC) has announced a reduction in the forecast for global oil demand in…
oil demand
In 2026, a surplus of oil is expected in the global market of up to 4 million barrels per day
The global oil market may face a significant surplus in 2026, with the excess supply reaching 4 million barrels per…
Global Oil Prices Fall to Four-Month Low Due to Rising Inventories
Global oil prices sharply declined on October 3, reaching their lowest levels in the past four months. The price of…
International Energy Agency Forecasts Record Oil Surplus in 2026
The International Energy Agency (IEA) predicts a significant increase in the oil surplus in the global market in 2026. According…
Global Oil Prices Fall Due to Increased Supplies in the U.S. and Price Cuts by Saudi Arabia
Global oil prices are showing a decline amid an unexpected rise in gasoline and diesel fuel supplies in the U.S.…
IEA Lowers Global Oil Demand Growth Forecast Due to Trade Disputes
The International Energy Agency (IEA) has significantly reduced its estimate for global oil demand growth in 2025, lowering the forecast…
Forecast for Oil Price Decline in the US: New Data from EIA
The Energy Information Administration (EIA) of the US Department of Energy has updated its forecasts for oil prices. According to…