(Oil Price) – Rising oil supply amid tepid demand growth has prompted forecasters and analysts to predict a large surplus on the market going into 2026. All experts and investment banks estimate that the market is accumulating inventories and will continue to do so in early 2026, when oil demand is typically at its weakest in any year. The forecasts of
(Investing) – LONDON – World oil supply will match demand closely in 2026, OPEC data published on Thursday indicated, an outlook contrasting with projections from the International Energy Agency and others of a huge glut. The OPEC+ group comprising the Organization of the Petroleum Exporting Countries, Russia and other allies plans to pause production hikes in the first quarter of 2026,
(Oil Price) – The United States has seized a large oil tanker off the coast of Venezuela, marking a major escalation in tensions between Washington and Caracas. President Trump confirmed the operation, saying, “We’ve just seized a tanker on the coast of Venezuela, large tanker, very large, largest one ever seized actually”. He then went on to warn that “other things are happening
(World Oil) – bp has achieved first oil from the Atlantis Drill Center 1 expansion in the U.S. Gulf of America, marking the company’s seventh major upstream project startup of 2025 and its fifth to come online ahead of schedule. The two-well subsea tieback to the existing Atlantis platform is expected to add roughly 15,000 boed of gross peak annualized average production. Atlantis—one
(BOE Report) – Oil exports of the Caspian Pipeline Consortium (CPC), which ships oil from Kazakhstan via a pipeline and subsequently a Russian Black Sea terminal, declined by 12% in November from October, two industry sources said on Thursday. CPC, which handles around 80% of Kazakhstan’s oil exports, was attacked by a Ukrainian drone on November 29, when one of
(Investing) – Oil prices fell Thursday, handing back some of the previous session’s gains after the United States’ seizure of a sanctioned oil tanker off the coast of Venezuela triggered fresh fears about supply disruptions, while investors digested new forecasts from the International Energy Agency. At 08:00 ET (13:00 GMT), Brent Oil Futures expiring in February fell 1.1% to $61.53 per barrel and
Natural Gas Inventories as of December 5, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 177 Bcf as of December 5, 2025. Working gas in storage was 3,746 Bcf as of Friday, December 5, 2025, according to EIA estimates. This represents a net decrease of 177 Bcf from the previous week. Stocks were
