global oil Archives - Oil & Gas 360

Analysis-Trump officials tout US energy dominance as global oil execs warn of supply crisis

March 27, 2026

(Investing) – HOUSTON – U.S. officials this week said the historic spike in fuel prices during the war in Iran will be short-term and trumpeted record U.S. production at an industry conference where oil executives and government officials from Asia, the Middle East and Europe bemoaned the worst oil and gas supply disruption in decades. The contrasting messages relayed to industry

Opinion: What deadly Middle Eastern attacks on U.S. troops, Russian tanker mean for global oil market

January 29, 2024

World Oil (Bloomberg) – A drone strike that killed U.S. troops in Jordan and a separate attack on a fuel tanker in the Red Sea have led to an escalation of tensions in the region key to energy production and global trade. The White House blamed Iranian-backed militias for the assault on U.S. soldiers, which was denied by Tehran, while

IEA: global oil demand will peak before the end of the decade

June 14, 2023

Oil Price The Paris-based International Energy Agency (IEA) has predicted that global oil demand will peak before the end of the current decade as the transition to renewable energy gathers momentum. According to the IEA, global oil demand will rise by another 6% from 2022-28 to hit 105.7 million barrels per day. The agency expects demand growth for oil to

Russian supply blow shakes global oil output picture – IEA

March 16, 2022

Reuters Global oil output was already hard pressed to meet the sharp rebound in economic activity in the wake of the COVID pandemic – then came Russia’s invasion of Ukraine. The International Energy Agency on Tuesday said sanctions and wary buyers were set to take 3 million barrels of Russian oil and products off the market, setting back hopes of

Global oil refiners to deepen output cuts as coronavirus destroys demand

March 26, 2020

Reuters SINGAPORE/NEW DELHI/SEOUL/HOUSTON – Oil refiners from Texas to Thailand are bracing for deeper output cuts, bruised by an unprecedented demand shock as more countries lock down and restrict travel to contain the spread of the coronavirus. Global fuel demand is set to drop by as much as 15% to 20% in the second quarter as a result of the

Analysts have been publicly claiming that a drop in the value of the U.S. dollar is coming. Of course, this has implications for oil - Oil & Gas 360

How will an EU Brexit Affect International Relations, Politics and Oil?

June 22, 2016

The UK Votes Tomorrow whether to Exit or Stay in the EU; UK Polls are Split Down the Middle In less than 24 hours, the UK will vote whether or not to stay in the European Union or exit the EU. According to the latest EU referendum poll of polls analysis in the Financial Times, 44% in the UK want to remain, 44% want

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