(Bloomberg) -- Oil prices have been falling as the market faces the prospect of a growing surplus. This year is set to culminate in the first major glut since 2020. The International Energy Agency ...

The International Energy Agency on Thursday said global oil supply fell by 610 kb/d in November, extending the decline from September’s record of 109 mb/d to 1.5 mb/d. OPEC+ accounted for over ...

The global oil balance continues to point to a substantial supply overhang, with rising observed stocks that would normally signal sharper declines in oil prices. Yet benchmark crude prices have ...

Just two weeks ago, we wrote a WCTW titled, "The Massive Oil Surplus Narrative Will Collapse Soon." In the conclusion section, we said:Oil prices are now climbing the wall of worries. Global oil ...

February WTI crude oil (CLG26) today is down -0.61 (-1.06%), and February RBOB gasoline (RBG26) is down -0.0253 (-1.48%). Crude oil and gasoline prices tumbled to 2-week lows today on expectations for ...

Oil futures handed back the previous session's gains as market concerns about oversupply outweighed geopolitical factors, including the U.S. seizure of a sanctioned oil tanker off Venezuela. U.S.

The warning signal has been issued by the International Energy Agency about the state of the world market in oil, with projections of an unusual level of oil surplus in the market that would possibly ...

While fuel is a well-known product, fuels actually represents only a portion of what is produced from crude oil. The refining process generates a wide range of petroleum-based materials used to ...

WTI crude oil futures rose more than two per cent to about $60.8 per barrel on Friday, extending gains for a fifth straight week supported by geopolitical and supply risks. The move followed renewed ...

Oil futures handed back the previous session's gains as market concerns about oversupply outweighed geopolitical factors, including the U.S. seizure of a sanctioned oil tanker off Venezuela. U.S.