EIA forecasts that production of petroleum and other liquids will continue to exceed global demand, which results in Brent crude oil prices falling from an average of US$69/bbl in 2025 to US$58/bbl in ...

Oil markets are widely seen as oversupplied, with record volumes in floating storage. Global demand appears more resilient than feared, as imports into India and China remain strong. Weak prices are ...

Oil prices fell on Thursday as the US and Iran agreed to hold talks in Oman, alleviating fears of military conflict that could disrupt crude supplies.

Crude prices have slumped 23% this year and could head lower in 2026, even with heightened geopolitical tensions, simply because there is too much oil in the world.