Despite OPEC+ supply cut, global oil market will be in surplus during 2025: Report

Dec 17, 2024

This surplus, though modest, is expected to exert downward pressure on oil prices, with Brent crude likely to average around USD 71 per barrel...

Crude oil prices to remain low in 2026 due to surplus production and supply demand mismatch: Report

Dec 31, 2025

Global crude oil prices are expected to remain under pressure in 2026 as the global oil market is likely to face a sustained supply...

Iran conflict kills oil market surplus, pushed market to deficit: Report

Apr 16, 2026

The ongoing Iran conflict has sharply reversed the global oil market balance, wiping out last year's surplus and pushing the market into a deficit...

Asian LSFO market faces headwinds in 2024 amid supply surplus and softening demand: S&P GCI

Jan 19, 2024

Analysts and trade sources suggest that new capacity additions, particularly from Nigeria's upcoming Dangote refinery, may contribute to surplus fuel oil availability in the...

Largest oil reserves, but small player in global oil supply chain: Energy policy expert on Venezuela

Jan 05, 2026

Taneja also noted that recent developments may not have an immediate impact on oil prices and could create opportunities for Indian oil companies if...

Falling crude prices, surplus services exports & steady remittance to keep India's CAD in comfort zone: Crisil

Dec 24, 2025

Falling crude oil prices, a surplus in services exports and steady remittance inflows are expected to prevent India's current account deficit (CAD) from widening...