International Energy Agency Forecasts Oil Surplus of 4 Million Barrels in 2026
The global oil market is expected to experience significant oversupply in 2026, with the International Energy Agency (IEA) estimating it…
OPEC+
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.…
Oil Prices Drop Due to Resumption of Exports from Kurdistan and Anticipated Increase in OPEC+ Production
On Monday, global oil prices saw a significant decline. This was attributed to the resumption of oil exports from the…
Global Oil Prices May Decrease Due to OPEC+ Decision to Increase Production
Following the new agreements among OPEC+ countries to increase oil production by 137,000 barrels per day, experts predict a potential…
Oil Prices Fall Amid New US Sanctions and Market Expectations
After a recent increase of over 1% in the previous trading session, oil prices in Asia demonstrated a decline on…
Oil Prices Decrease Due to Concerns Over Production and Impact of U.S. Tariffs
At the beginning of September, there is a decline in global oil prices. The main reasons for this phenomenon are…
OPEC+ Increases Oil Production Amid Threat of Tariffs from the US for Buyers of Russian Crude
The OPEC+ member countries have agreed to increase oil production by 547,000 barrels per day in September. This decision was…
Trump stated that a $10 drop in oil prices will stop Russia’s war against Ukraine
“OPEC and OPEC+ are increasing production. But Putin will stop killing people if energy prices drop by another $10 per…
Global Oil Prices Decline Due to Increased OPEC+ Production and Economic Risks
Global oil prices continue to show a negative trend following OPEC+'s decision to significantly increase production. The market is under…