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Oil supply

IEA predicts oil supply surplus amid weak China demand in 2025

IEA predicts oil supply surplus amid weak China demand in 2025

  • Global oil prices are currently around $70 per barrel, having dropped over 7 percent last week, even amid rising geopolitical tensions in the Middle East
By Arab News ·
Russia’s Lukoil set to resume supplies via southern Druzhba in October, sources say

Russia’s Lukoil set to resume supplies via southern Druzhba in October, sources say

By Reuters ·
US ready to reopen oil stockpile if petrol prices surge again, FT reports

US ready to reopen oil stockpile if petrol prices surge again, FT reports

By Reuters ·

Opinion

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