Forecasters like the International Energy Agency are predicting a record glut next year, and even Opec’s secretariat — ...

OPEC has ramped up oil output in recent months, driven by shifting market and geopolitical dynamics. Wealthspire’s Chris ...

Oil prices are forecasted to face a glut in 2026, forcing OPEC+ to maintain production cuts against global supply and ...

China now drives short-term oil price moves as its opaque import patterns, refinery margins, and strategic stockpiling ...

The Organization of the Petroleum Exporting Countries left its oil-demand outlook unchanged as it prepares to pause output hikes in early 2026, but modestly raised its forecast for this year’s supply ...

The size of the 2026 oil glut is open to question, and OPEC+’s next move on the world stage remains up in the air.

There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending ...

Iraq is seeking to increase its OPEC oil quota by 300,000 bpd, potentially generating $10 billion annually to bridge the ...

Jimsar shale oil demonstration zone in Xinjiang has reached its annual crude output goal of 1.7 million tonnes 22 days ahead of schedule ...

OPEC+ faces a major oil oversupply in 2025, challenging production increases. The coalition has tried to boost oil prices by holding back output. Instead, members are ceding control to non-OPEC ...

OPEC+ pumped ​43.06 million barrels per day of crude in ‍November, OPEC said in a monthly report, ​up 43,000 bpd from the previous month ...

FILE - Saudi Arabia's Crown Prince Mohammed bin Salman, left, talks with Russian President Vladimir Putin, right, during the G-20 summit event on the Digital Economy in Osaka, Japan, on June 28, 2019.