Tag: oil demand
Surprise Build in EIA Crude Inventories Points to Softer Demand
The U.S. Energy Information Administration reported an unexpected rise in weekly crude oil inventories, pointing to softer demand conditions and raising the prospect of...
No Oil Glut Coming: OPEC Predicts Near-Perfect 2026 Balance
New OPEC data released on Thursday shows that global oil supply is expected to stay closely aligned with demand in 2026. This outlook sharply...
Oil Gains 1% After OPEC+ Announces Smaller Output Increase
Oil Prices Rise 1% After Smaller-Than-Expected OPEC+ Output Increase
Oil prices climbed about 1% on Monday after OPEC+ announced a smaller-than-expected production increase for November....
Oil Slips as OPEC+ Considers Further Production Increase
Oil prices dropped around 2% on Wednesday as markets looked ahead to the upcoming OPEC+ meeting this weekend. The group is expected to discuss...
Oil Prices Ease but Stay Close to One-Month Peak on US...
Oil prices slipped slightly in Asian trading on Wednesday but stayed close to a one-month high. The market remained supported by fresh U.S. sanctions...
U.S. Oil Production Surged to All-Time High in June, EIA Data...
U.S. Crude Oil Production Hits Record High in June, EIA Reports
U.S. crude oil production surged to a new record in June, according to the...
