Tag: oil market

The International Energy Agency has revised its outlook upward for oil, signaling stronger global demand growth in 2026 than previously expected. The update reflects new assessment

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2026-01-24 oil market

Oil Drives IEA Forecasts for Global Demand Growth in 2026

The International Energy Agency has revised its outlook upward for oil, signaling stronger global demand growth in 2026 than previously expected. The update ref...

2026-01-09 oil market

US Crude Inventories Fall as Gasoline and Distillate Stocks Rise

US crude oil inventories recorded a notable decline last week, while gasoline and distillate stocks increased, according to the latest data from the US Energy I...

2026-01-09 oil market

OPEC Approves New Compensation Plans to Support Oil Market Stability

The Organization of the Petroleum Exporting Countries OPEC has received updated production compensation plans from four key members — Iraq, the UAE, Kazakhstan,...

2025-12-12 oil market

Oil Demand Growth Remains Stable According to OPEC Outlook

Oil demand growth is set to remain on a stable trajectory over the current and coming year, according to OPEC’s latest monthly report, reflecting a relatively b...

2025-12-12 oil market

Oil Storage in China Absorbs Global Supply Surplus

Oil storage in China has emerged as a key mechanism absorbing the global supply surplus, as Beijing continues to build large crude inventories amid uncertainty...

2025-12-12 oil market

Global Oil Demand Remains Strong in OPEC Forecasts for 2025 and 2026

Global oil demand is set to remain on a strong trajectory, according to OPEC’s latest monthly report, as energy markets are expected to stay broadly balanced ov...