The IEA, EIA, and BloombergNEF all forecast a major global oil surplus through 2026—up to 4 million bpd. The IEA admitted it couldn’t account for 1.47 million barrels per day of global supply in ...
USGS reports 29.4 billion barrels of untapped oil under U.S. federal lands. Alaska is leading with around 14.46 billion barrels of untapped potential. Oil production growth is slowing due to natural ...
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A billion-barrel oil glut is forming at sea
The oil market is grappling with whether sanctioned Russian and Iranian cargoes should still be counted as supply. This may explain why oil prices have been slow to react to a huge glut that is ...
WASHINGTON (Reuters) -The U.S. Department of Energy said on Tuesday it is looking to buy 1 million barrels of crude oil for delivery to the Strategic Petroleum Reserve, as it seeks to take advantage ...
Forbes contributors publish independent expert analyses and insights. I analyze petroleum economics and energy policy. Oil prices surged after the massive Israeli attacks on Iran because of fears that ...
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