There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending ...
The rise of oil on water comes from multiple sources. There has been a 16% year-over-year jump in barrels from mainstream producers, Vortexa data shows. OPEC+ has been pumping more oil as it unwinds ...
Silver has overtaken oil for the first time in 45 years, with one ounce now buying more than a barrel of crude.
Brent oil dropped below $60 a barrel for the first time since May, breaching a key level as supply outpaces demand and is on ...
Oil prices rallied by more than 1% on Wednesday after U.S. President Donald Trump ordered a blockade of all oil tankers under ...
Global oil prices fell to their lowest level in more than four years on Tuesday, as persistent concerns about oversupply ...
The Daily Overview on MSN
A 1B-barrel oil glut is building at sea
Oil is piling up on the water at a scale the industry has never seen, with close to a billion barrels now sitting in tankers ...
Oil prices slumped below $60 a barrel this week as investors try to make sense of U.S. President Donald Trump’s push to end ...
While Opec has reined in its growth plans, and supply fell last month because of sanctions on Russia and Venezuela, the IEA still expects a surplus of 3.7mn b/d of oil on average in 2026, an even ...
Economic declines in China or Europe may lead to more oil supplies: analyst Oil prices look set to end the year lower as demand weakness, particularly from China, prevails - but 2025 may bring an even ...
The price of Indonesian crude oil (ICP) has weakened by US$0.80 per barrel compared to October 2025, which was at the level ...
Learn about recycle ratios in the oil and gas industry, measuring profit per barrel vs. costs for a comprehensive view of profitability and sustainability.
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