Economics ❯ Energy ❯ Oil Market

Supply and Demand

Price Fluctuations Global Oil Prices Global Trade Dynamics OPEC Price Dynamics Production Adjustments International Energy Agency Price Trends Consumer Impact Production Forecasts

Oil Falls to Lowest Since 2021 on Ukraine Peace Optimism, Then Rebounds After U.S. Venezuela Blockade

Markets increasingly expect a prolonged 2026 surplus, reflecting record U.S. output alongside possible normalization of Russian trade flows.

IEA Flags Larger 2026 Oil Glut as Forecast Gap With OPEC Widens

U.S. Considers Tougher Sanctions on Russian Oil Exports as Global Demand Declines