The sluggish demand clashes with a surge of production from Opec. The IEA said Opec’s push to boost global oil supply would ...

International crude oil prices continued their downward trend today. Brent Crude was trading 0.38 per cent lower at 65 dollars and 87 cents, while WTI Crude was 0.62 per cent down at 62 dollars and 78 ...

Crude oil inventories in the United States increased by 3.0 million barrels during the week ending August 8, after dropping ...

The Energy Information Administration predicts a significant drop in global oil prices, with Brent crude falling from $71 to ...

Oil futures fell as the market considered supply and demand estimates from the IEA and awaited weekly U.S. inventory data.

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 International Energy Agency said ...

IEA Lifts Global Oil Supply Forecast, Signaling Bigger Surplus Ahead Global oil markets are poised for a larger surplus than previously expected this year, with supply set to grow more than three ...

The U.S Energy Information Administration (EIA) on Tuesday predicted that Brent crude spot prices could average below $60 per barrel in the fourth quarter, a level not seen since 2020. A statement by ...

Global supply growth surpasses demand, leading to lower oil prices and potential impacts on gasoline and diesel costs.. Oil ...

Oil prices fell today, Aug. 12, following a report from the Energy Information Administration predicting a decline in prices ...

Global crude oil tracked by Brent futures has fallen sharply, losing over 7% in August and extending its year-to-date decline ...