The post-COVID rebound in economies and oil demand have left global spare oil production capacity at very low...
OilPrice.com | Razor-Thin Spare Capacity To Keep Oil Prices Elevated
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Tag | Oil Demand
OilPrice.com | Will OPEC Cut Oil Output On Labor Day?
Saudi Arabia’s signal from two weeks ago that OPEC+ could decide to cut production at any time, in any form,...
OilPrice.com | How China Could Trigger The Next Sharp Selloff In Crude
If ever there had been a time when crude oil was going to reach the US$200-plus per barrel (pb) levels posted...
OilPrice.com | Exxon CEO Warns That Consumers Will Pay For Hasty Energy Transition
ExxonMobil expects all new cars sold two decades from now to be electric vehicles. But the U.S. supermajor also...
OilPrice.com | Is A Recession Really The Next Big Risk For Oil?
Crude oil is a notoriously inelastic commodity—whatever its price, consumption does not vary greatly. Yet per a...
OilPrice.com | China May No Longer Be A Pillar Of Growth For Global Oil Markets
After a relentless seven-month march, the oil price rally appears to be in danger of collapsing after oil...
OilPrice.com IEA: Lower Demand Changes Everything For Oil Markets
Two months ago, the International Energy Agency sounded an alarm about global crude oil supply, predicting that...