Economics ❯Market Trends ❯Oil Prices ❯Supply and Demand

Global Economy

Oil Supply to Outpace Demand in 2025 Despite Summer Tightness

Despite forecasts of an approaching surplus, refinery runs for peak summer demand underpin current prices

OPEC+ Approves Unprecedented 548,000 BPD August Output Hike

OPEC+ Approves 548,000-Barrel-a-Day August Production Increase

U.S. Strikes Iranian Nuclear Sites as Oil Tops $80

IEA Forecasts Peak Oil Demand by 2029 as Capacity Growth Outpaces Consumption

Oil Prices Slide to Four-Year Lows as Saudi Arabia Signals Sustained Output Increases

Oil Prices Hit Three-Year Low as OPEC+ Boosts Production and Trump’s Tariffs Weigh on Demand

BP Faces $600 Million Profit Hit Amid Weak Refining Margins