Keywords: Global oil supply
Ukraine carried out a series of drone attacks on Christmas Day that struck key Russian energy sites, intensifying a campaign that has increasingly focused on disrupting Moscow’s oil and gas infrastructure. According to sources cited by media reports, Ukrainian drones hit the Orenburg gas processing......
Oil prices dipped as fears of excess supply overshadowed geopolitical tensions, which have long shaped market sentiment. Despite ongoing uncertainties linked to the war in Ukraine, traders shifted their focus to the growing imbalance between global oil production and consumption. Benchmark Brent crude......
The International Energy Agency (IEA) has raised its global oil supply growth forecasts, cautioning that the market may face increasing imbalances in the coming years. According to the agency's latest monthly report, global oil supply is projected to outpace demand by 4 million barrels per day (bpd)......
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