The drawdown snapped a streak of builds and confounded... Do you remember the oil glut? Oh, sure you do. The COVID-inspired oil glut that many people said was so large that we would never see it ...

Goldman Sachs expects oil prices to decline through the end of 2025 and into 2026, with Brent (CO1:COM) and WTI (CL1:COM) ...

Crude oil prices have plunged to their lowest level ... The move has triggered fears of a market glut. Tariff-fueled economic jitters: New U.S. tariffs under President Trump on imports from ...

Goldman Sachs has revised its forecast for Brent crude oil’s average price for the year, lowering it by 5.5% to $69 per barrel. Similarly, the forecast for West Texas Intermediate crude oil prices has ...

Key oil indicators are signaling looser balances ahead, after OPEC and its allies shocked the market with a dramatic early supply increase just as concerns over global demand become more acute.

This was why nothing was saved from either the oil glut of the Gowon time and the Iraq – Iran war oil windfall during the time of Ibrahim Babangida. Even when former President Goodluck Jonathan saved ...

As President Donald Trump's latest tariffs weigh on growth outlooks, OPEC+ members unveiled plans for an output boost that ...

The former accounts for the fun stuff, like PlayStations, jet skis, and Stratocaster guitars, while the latter could include wall grout, fungal foot powder, and motor oil. Motor oil is one of ...

In November 2024, the relationship between Peru and the People’s Republic of China (PRC) took a decisive turn with the inauguration of the Chancay Multipurpose Port Terminal. This ambitious project, ...

Oil fell below $33 per barrel on Wednesday after Saudi Arabia ruled out production cuts and an industry report said U.S. crude stockpiles hit a record, underlining the supply glut. Saudi Oil Minister ...

In a phone call with NBC News on Sunday, Trump said he would put secondary tariffs on Russian oil if he believes it is at fault for the stalled ceasefire deal with Ukraine. “If Russia and I are unable ...