Oil supply

Oil & Gas Supply

IEA Unveils 10-Point Plan to Cut Oil Supply Crunch

The new report also includes recommendations for decisions to be taken now by governments and citizens to transition from the short-term emergency actions inclu…

Oil Price

Oil Jumps as Russia-Ukraine Talks Stall

Oil prices extended their rally on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the …

Crude Oil

The World Could See a Record-Breaking Oil Supply Shock

IEA: market could lose around 3 million bpd of supply from Russia starting in April.

Oil & Gas Supply

Iraq's Oil Supply Compatible with Global Demand

Iraq said on Wednesday that its crude oil exports are in line with the consumption in the world oil market, ruling out the need to increase oil production.

Oil & Gas Supply

Alberta Oil can be a Solution to U.S. Energy Supply Crunch

Alberta, Canada’s main oil-producing region, can help alleviate the global oil supply crunch caused by energy disruptions, Alberta energy minister, Sonya Savag…

Oil Price

Unmoved by Surging Oil Prices, OPEC+ Delegates Say Another Modest Output Hike on Tap

OPEC and its allies, including Russia, remain on track to approve a 400,000 b/d production hike for April, according to delegates, insisting that no oil supply …

Oil Price

Opec+ Supply Shortfall Could Push Oil Prices Higher, IEA Says

An oil supply shortfall from Opec+ group of countries may lead to a tighter market and push prices higher, according to the International Energy Agency.

Crude Oil

Several Asian Refiners to Receive Full Saudi Crude Allocation in February

Saudi Aramco has notified at least five Asian buyers that it will supply full contractual volumes of crude oil in February, same as January, sources with knowle…

Crude Oil

Global Oil Supply Set to Outpace Demand Amid Higher Production, IEA Says

The surge in new Covid cases is expected to 'temporarily slow' but not upend the recovery in demand

Crude Oil

Saudi Arabia Will Supply Full Volumes To Asia

Saudi Arabia will supply full contracted oil volumes to most of its buyers in Asia.

Oil Price

Wall Street Projects a “Higher for Longer” Era for Oil Prices

Could the era of cheap oil supply be gone for good? That’s the conclusion of some of the biggest commodities desks on Wall Street, where banks have been liftin…

Crude Oil

Nigeria Struggles to Meet OPEC’s Crude Oil Quota

Despite requesting for a higher baseline in August, Nigeria failed to meet the existing crude oil supply quota allocated to it by the Organisation of Petroleum …

Crude Oil

Opec Lifts Oil Supply Forecast, Demand Unchanged

Opec has kept its global oil demand growth projections for 2021-22 unchanged but it has lifted its forecast for supply on the back of rising Opec+ quotas.

Oil Price

Oil Falls, Ending Week About 2% Lower on Supply increase, and New Lockdowns

Oil prices settled lower on Friday and fell around 2% last week as production increases and renewed COVID-19 lockdowns in some countries, offset optimism about …

Oil Price

Oil Prices Rise as Opec+ Agrees to Gradually Increase Supply

The group will increase output by 250,000 bpd in May