Friday, August 21, 2026
Higher-for-longer oil scenario is here to stay- oil and gas 360

Higher-for-longer oil scenario is here to stay

(Oil Price) – Oil prices have been on a climb for over a week now as hostilities in the Middle East continue, and despite recent talk of a glut, the physical market is flashing signs of tightness—and higher oil for longer. Earlier this month, analysts were quick to start warning of an oil glut looming over the world as traffic via

China soaks up the crude oil glut, but only if the price is right: Russell- oil and gas 360

China soaks up the crude oil glut, but only if the price is right: Russell

(BOE Report) – Where exactly is the expected supply glut in the global crude market? The best answer is China, which saw storage flows surge in December, resulting in a surplus of more than 1 million barrels per day for 2025. China’s surplus of crude oil jumped to 2.67 million bpd in December, up from 1.88 million bpd in November