Wednesday, May 20, 2026
Woodside CEO: Markets are badly underestimating the LNG supply shock- oil and gas 360

Woodside CEO: Markets are badly underestimating the LNG supply shock

(Oil Price) – The global gas markets are seriously underestimating how the shock loss of LNG supply from the Middle East will affect the world and economies in the coming months and years, the head of Australia’s top LNG exporter, Woodside, said on Wednesday. “I don’t think markets and consumers and society are yet fully appreciating it, and there’s a

Global oil markets will face record surplus in 2026, says IEA- oil and gas 360

Global oil markets will face record surplus in 2026, says IEA

(World Oil)– Global oil markets are on track for a record surplus next year as demand growth slows and supplies swell, the International Energy Agency said. Oil inventories will accumulate at a rate of 2.96 million bpd, surpassing even the average buildup during the pandemic year of 2020, data from the IEA’s monthly report showed. World oil demand this year