Iraq Declares Force Majeure on Oil Fields Due to Export Halt
Iraq has announced a state of force majeure on all oil fields operated by foreign companies. This decision was made…
oil industry news
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 Exports Set New Records Due to Increased Supply
Global oil exports are showing record growth, driven by increased supplies from both OPEC member countries and other producing nations.…