Understand the meaning and significance of barrels of oil Equivalent per day (BOE/D), a critical measure in comparing oil and ...

The IEA, EIA, and BloombergNEF all forecast a major global oil surplus through 2026—up to 4 million bpd. The IEA admitted it couldn’t account for 1.47 million barrels per day of global supply in ...

LONDON, Oct 16 (Reuters) - The International Energy Agency continues to forecast a significant supply glut in the oil market, but uncertainty over the whereabouts of almost 1.5 million barrels per day ...

UBS cuts 2026 Brent forecast to $62/bbl on 1.9Mb/d surplus. Oil prices to bottom at $60 in Q1 before recovery. Geopolitical ...

A fresh oil production hike by OPEC+ has sent yet another clear signal to the international crude market that its focus remains firmly on a higher market share. At their meeting on Sunday, eight ...

ExxonMobil's third quarter 2025 earnings were substantially supported by its growing production in Guyana's Stabroek Block, offsetting the impact of softer global oil prices. The Stabroek Block, a ...

The amount of oil on tankers plowing the world’s oceans climbed to the highest in more than two years, the latest indication of swelling global volumes ahead of a likely period of oversupply. About ...

Crude prices have slumped 23% this year and could head lower in 2026, even with heightened geopolitical tensions, simply because there is too much oil in the world. How that news lands depends on ...

Crude oil stocks, not including the SPR, stood at 415.1 million barrels on June 20, the EIA's latest weekly petroleum status report showed. Image by hachiware via iStock U.S. commercial crude oil ...

Crude oil stocks, not including the SPR, stood at 421.2 million barrels on October 31, the EIA's latest weekly petroleum status report showed. U.S. commercial crude oil inventories, excluding those in ...