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Oil Supply

All articles tagged with #oil supply

energy1 day ago

Iran Unrest Rekindles Threat to Hormuz Oil Lane

Oil prices climbed toward multi‑week highs as unrest in Iran and U.S. threats raised fears of potential disruption to Middle East oil supply via the Strait of Hormuz, which carries about 20% of global oil. While a full closure is considered unlikely, analysts warn that even limited disruption could lift prices, with Brent around the mid‑60s and WTI near $60 as markets price uncertainty rather than catastrophe. Iran has alternative routes like Goreh‑Jask, but they are not yet a complete substitute.

via Crude Oil Prices Today | OilPrice.com|
#energy#geopolitics#iran
business10 days ago

OPEC+ Maintains Steady Oil Output Amid Political Turmoil

OPEC+ has decided to maintain current oil production levels through March, opting for caution amid a global surplus and geopolitical uncertainties, including the US capture of Venezuela's Maduro, which may impact supplies. The group aims to avoid adding volatility to an already fragile market, with ongoing challenges from geopolitical conflicts and slowing demand.

via Bloomberg.com|
#business#geopolitical-tensions#market-surplus
business6 months ago

OPEC+ Boosts August Oil Output Amid Surplus and Low Stockpiles

OPEC+ has announced an increase in oil production, which is expected to lead to a global surplus and lower prices, despite short-term confidence in demand. This move aims to meet summer demand and regain market share but risks causing a price decline that could hurt producers, especially US shale and Saudi Arabia, which needs higher prices to cover costs. The decision reflects a strategic shift that could impact global oil markets and economies.

via Bloomberg.com|
#business#market-surplus#oil-prices
energy7 months ago

Global Oil Market Faces Uncertainty Despite Surplus and Shifting Demand

The International Energy Agency predicts that global oil supplies will significantly exceed demand in 2025, leading to increased inventories, despite geopolitical tensions in the Middle East. Supply growth is driven by Opec+ and non-Opec+ producers, while demand growth is restrained by weak consumption in China and the US. The IEA also forecasts that oil supply will continue to outpace demand through 2030, with China's demand peaking around 2027.

via Financial Times|
#demand-forecast#energy#iea
energy7 months ago

Oil Prices Rise on US-China Trade Developments and Strong US Jobs Data

Oil prices are rising, with ICE Brent closing above $66 per barrel due to optimism from US-China trade talks, despite ongoing geopolitical risks, Iran sanctions, and supply concerns from wildfires and regional conflicts. Key developments include Saudi Arabia's price cuts, US sanctions on Iran, and increased investment in clean energy and metals like silver and copper.

via Crude Oil Prices Today | OilPrice.com|
#energy#geopolitical-tensions#iran-sanctions
world7 months ago

Oil Prices Surge Amid Geopolitical Tensions and Supply Concerns

Recent decisions by OPEC+ to increase oil output have been overshadowed by geopolitical tensions, particularly the Ukraine conflict, which has reignited concerns about supply security and influenced oil prices. Despite a surplus in supply and slowing demand, geopolitical risks and potential escalation between Russia and Ukraine continue to impact the oil market, challenging the notion of a stable oversupply and highlighting the complex interplay between geopolitics and energy markets.

via Crude Oil Prices Today | OilPrice.com|
#geopolitics#oil-prices#oil-supply