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Latest Articles in oil supply
Pakistan Fears Oil Shortage As Tankers Association Calls Strike
“Due to the strike by oil transporters across the country, there is a problem in the supply of petroleum products,” an OCAC letter to the Ministry of Energy and Petroleum Division stated
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Despite Challenges, OPEC Forecasts 2.2% Growth In Oil Demand In 2024
In a monthly report, the Organisation of the Petroleum Exporting Countries (OPEC) said it expects world oil demand to rise by 2.25 million barrels per day (bpd) in 2024, a rise of 2.2 per cent, compared with growth of 2.44 million bpd in 2023
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Russia, Saudi Arabia Tighten Their Oil Supply, Prices Get High
Saudi Arabia said it would extend its voluntary oil output cut of one million barrels per day (bpd) for another month to include August, adding that the cut could be extended beyond that month
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Oil Prices Rise As Saudi, Russia Limit Supply For August
Saudi Arabia on Monday said it would extend its voluntary cut of one million barrels per day (bpd) for another month to include August, the state news agency said
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Oil Is Set To Fall For Fourth Consecutive Quarter
Benchmark Brent crude futures for September delivery rose 78 cents or 1.05 per cent to stand at USD 75.29 at 09:12 GMT and the less-traded front-month contract, which expires on Friday, was up 91 cents at USD 75.25
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OPEC+ Is Unlikely To Agree To Larger Oil Restrictions On Sunday
OPEC+, which groups the Organisation of the Petroleum Exporting Countries and allies led by Russia, pumps around 40 per cent of the world's crude, meaning its policy decisions can have a major impact on oil prices
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Brent Crude Nears $94/bbl After OPEC+ Production Cut
On 5 October, OPEC+ group announced the largest oil production cut since 2020 of 2 million barrels per day ahead of European Union embargoes on Russian energy
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Oil Rises After Putin Threatens To Halt Supply
Oil rebounded after President Vladimir Putin said on Wednesday that Russia will stop supplying gas and oil if price caps are imposed on Russia's energy resources
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OPEC+ May Weigh Rollover Or Small Cut At Monday Meeting
The Organisation of the Petroleum Exporting Countries and allies including Russia, known as OPEC+, meets as demand faces headwinds and supply could be boosted by returning Iranian crude if Tehran secures a deal with world powers on its nuclear work
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Oil Settles Up Nearly $4 As Tight Supply Outweighs Recession Fears
Brent crude futures were up USD 3.96, or 3.9 per cent, at USD 104.65 a barrel. U.S. WTI crude futures climbed USD 4.20, or 4.3 per cent, to USD 102.73 a barrel
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IEA May Release More Oil If Needed: Executive Director
In two recent moves the IEA released only 9 per cent of what it has in stock
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Oil Rises As Libya Outage Adds To Supply Woes, Shanghai Prepares To Reopen
The latest supply hit came just as fuel demand in China, the world's largest oil importer, was expected to pick up as manufacturing plants prepared to reopen in Shanghai.
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Oil Rises On Supply Tightness Despite "Constructive" Ukraine-Russia Talks
The focus turned to supply tightness after the American Petroleum Institute industry group reported crude stocks fell by 3 million barrels in the week ended March 25, according to market sources
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Oil Retreats, But Still Above $100; No Supply Shocks For India
Brent crude oil surged past USD 105 per barrel on Thursday for the first time since August 2014, following Russia's invasion of Ukraine
Read MoreNo loan, oil supply for Pakistan, says Saudi Arabia
No loan, oil supply for Pakistan, says Saudi Arabia
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