(World Oil)– Oil supply growth from non-OPEC producers will stall in early 2026, while demand remains robust, according to bp Plc Chief Executive Officer Murray Auchincloss. “Non-OPEC supply we largely see going flat after February or March next year,” he said on Tuesday after the company reported earnings. “Supply will be relatively flat for the next 12-18 months after
(BOE Report)– Oil markets are absorbing OPEC+ production increases without building inventories, which means they are thirsty for more oil, United Arab Emirates’ Energy Minister Suhail al-Mazrouei said on Wednesday. OPEC+, which pumps about half of the world’s oil, has been curtailing production for several years to support the market. But it has reversed course this year to regain
(Investing) – LONDON – OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group this year and said it expected lower capital spending following a decline in oil prices. Supply from countries outside the Declaration of Cooperation – the formal name for OPEC+ – will rise by about
