You Searched For "oil supply glut" and got 20 results
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2 mins read
Peak oil demand before 2030 will usher in a major supply glut, the International Energy Agency says
As global demand for oil plateaus this decade, heavy production will create a massive supply glut t…
Filip De Mott
3 mins read
The US is preparing to hit back at China's glut of cheap solar panels by targeting its allies
US solar companies accused Chinese firms in Southeast Asia of dumping cheap solar panels on the mar…
Catherine Boudreau
2 mins read
Oil prices could shoot up to $100 a barrel amid a barrage of supply disruption risks in 2024, Goldman Sachs says
"OPEC production policy and discipline are likely to be key factors supporting the price path in 20…
Jennifer Sor
2 mins read
Oil is experiencing rare oversupply that's threatening to further whipsaw the market and drive prices even lower
There's "no real clarity about what lies ahead, so there's no reason to expect demand to increase o…
Carmen Reinicke
2 mins read
OPEC members are considering oil-production cuts ahead of schedule in order to backstop plunging prices, new report says
The consideration from OPEC members comes after the price of oil plunged more than 320% Monday and …
Carmen Reinicke
1 min read
The world is 'far off' from peak oil amid strong demand, OPEC chief says
Robust demand from countries like India, which is showing "phenomenal economic growth," mean peak o…
Aruni Soni
2 mins read
Iraq is leading the way in OPEC's efforts to slash oil supply to Asia amid the global glut
Iraq's state-owned oil company told at least three of its Asian customers they would not be given t…
Shalini Nagarajan
1 min read
No matter how much OPEC cuts oil production, other countries will 'fill the hole,' trader says
"We're looking at 2024 and we're concerned that the market is actually going to end up being oversu…
Aruni Soni
1 min read
We won't see peak oil demand in our lifetime, JPMorgan's top energy strategist says
A surge of "invisible" demand from emerging markets is in store, keeping peak crude demand from arr…
Aruni Soni
5 mins read
Power Line: The epic oil glut in photos, leaked documents reveal more industry furloughs, and 3 clean-energy sectors the pandemic is accelerating
This week, we lay out three energy sectors accelerating amid the pandemic, share photos of the oil …
Benji Jones
5 mins read
A looming glut of unwanted oil will force producers to shut down wells, slash spending, and fire workers
Last week alone, the number of US oil rigs fell by more than 40, according to data from the oil and…
Benji Jones,Benji Jones
2 mins read
Oil prices will face downward pressure next year as OPEC sees oversupply expanding, report says
OPEC+ expects a surplus of 2 million barrels per day in January, 3.4 million in February, and 3.8 m…
Isabelle Lee
2 mins read
Oil plunges as OPEC tries to balance supply concerns with Trump's demands
"We in the kingdom are going to be advocating something adequate to balance the market," said Saudi…
Callum Burroughs
2 mins read
Oil tanks to lowest since 2016 as coronavirus weighs on demand - and it could fall further as crude supply faces a record
That could lead highly indebted US shale companies to default, according to JPMorgan. The firm expe…
Business Insider
7 mins read
The top energy stories of 2020 - and what to expect in the year ahead
Welcome to Insider Energy, Business Insider's weekly energy newsletter. Sign up to get it in your i…
Benji Jones
2 mins read
Oil is bouncing back despite the IEA saying it's going to take time for the oil glut to work its way through the system
The oil market has seen an avalanche of bad news weigh on prices over the past several days, pushin…
Jonathan Garber
4 mins read
Power Line: A historic week for oil, enlisting satellites to track the supply gut, and bizarre photos of what crude really looks like
It sounds like the last bullet in a long list of ideas for how to measure the world's oil supply. B…
Benji Jones,Benji Jones
2 mins read
An investment firm that made big bets on the US shale boom is courting investors for clean energy SPACs
Riverstone's most successful past deals have been in oil and gas - and some of its previous clean-e…
Ethan Wu
2 mins read
Oil hits highest level in more than a year with demand expected to recover as COVID-19 vaccine expands
Oil supply has tightened in recent weeks with Saudi Arabia cutting its daily oil production for Feb…
Matthew Fox
3 mins read
OPEC slashes 2020 and 2021 forecasts as surging coronavirus cases jeopardize oil-market demand
The group lowered its 2020 demand projection by 0.3 million barrels to 90 million barrels per day, …