Surging oil supplies has prompted the U.S. Energy Information Administration to forecast a significant decline in oil prices. In its August Short-Term Energy Outlook, the agency expects the Brent ...

Crude futures posted back-to-back losses after the IEA boosted its supply-growth estimates and cut its demand growth forecasts for this year and next.

World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply ...

The IEA raises its projections for oil supply growth in 2025 while trimming demand forecasts, citing weaker fuel consumption ...

Global oil demand growth is weakening, with projections for 2025 revised downward, while supply is expanding rapidly, leading ...

The sluggish demand clashes with a surge of production from Opec. The IEA said Opec’s push to boost global oil supply would ...

Global oil markets are poised for a larger surplus than previously expected this year, with supply set to grow more than ...

International crude oil prices have been falling under the weight of over supply but it could be worse next year with dire ...

The Energy Information Administration predicts a significant drop in global oil prices, with Brent crude falling from $71 to ...

Nigeria produced 1.507 million b/d in July, above its 1.5 million b/d OPEC limit. • Output recovery driven by facility restarts and tighter Niger Delta security. • Abuja to seek higher quota at ...