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Oil analysts say there's a supply glut. Why hasn't it pushed prices lower?
21 Feb 2026 15:24 GMT
… has estimated that the oil market would be … OPEC+, spent much of 2025 unwinding production cuts. In the Americas, US shale production … increasing freight costs for oil products moving between Europe … and Asia. Oil analysts were largely expecting …
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Oil Dips Amid Slow US Movement on Iran
21 Feb 2026 03:54 GMT
… roughly 20% of global oil supplies transit.
Any military … betting on higher prices.
Oil prices also drew support from … discussions within OPEC+ over a potential resumption of output increases starting … they said, adding that production cuts of up to 2 million …
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Oil near 6-mth high amid US-Iran conflict fears; set for weekly surge
21 Feb 2026 01:50 GMT
… involving Iran — a major OPEC producer — could threaten flows … roughly a fifth of global oil shipments, amplifying market sensitivity … to geopolitical risk.
Oil’s rally this week also … Fed minutes signalled reluctance to cut rates soon, the PCE …
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Energy Demand Concerns Weigh on Crude Oil Prices
20 Feb 2026 23:59 GMT
… . The IEA last month cut its 2026 global crude surplus … production hikes in Q1-2026 due to the emerging global oil surplus. OPEC … the 2.2 million bpd production cut it made in early 2024 … seasonal average. US crude oil production in the week ending February …
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Oil nears six-month highs amid rising US-Iran tensions and supply concerns
20 Feb 2026 19:00 GMT
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The major oil producer lies opposite the oil-rich Arabian … talks of OPEC+ leaning towards a resumption in oil output increases … from April.
The oil surplus that … they said, adding that output cuts of 2 million barrels per …
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Goldman Sachs Sees Oil Crashing Below $40: How Iran Sanctions, Trade Wars, and OPEC Politics Could Reshape the Energy Market
20 Feb 2026 16:21 GMT
… recession with an unwinding of OPEC+ production cuts. The projection, which sent ripples … financial intermediaries that facilitate Iranian oil purchases. The goal is to … slow economic activity, reduce industrial output, and suppress fuel consumption. China …
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UAE's economy grew 5.1% in first nine months of 2025 on non-oil sector boost
20 Feb 2026 16:06 GMT
… strong performance of the non-oil sectors and their pivotal role … of total contribution to non-oil GDP, wholesale and retail remained … -than-expected reversal of oil production cuts following the Opec+ quota increases”, the banking …
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Morning Bid: Oil engulfed
20 Feb 2026 13:12 GMT
… was the surge in crude oil prices. Oil had calmed as U … reports suggest that OPEC+ may lean toward an April output increase, it … entered 2026, U.S. manufacturing output clocked its biggest monthly gain … earlier to 410,000, and cut its 2026 estimate by another …
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Oil heads for first weekly gain in 3 on US-Iran tensions
20 Feb 2026 12:27 GMT
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The major oil producer lies opposite the oil-rich Arabian … talks of OPEC+ leaning towards a resumption in oil output increases … from April.
The oil surplus that … said, adding that meant output cuts of 2 million barrels per …
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Nigeria Forfeits Estimated N1.76 Trillion in Oil Revenue After Missing OPEC Production Quota for 13 Consecutive Months
18 Feb 2026 18:02 GMT
… in upstream rehabilitation has constrained output.
Delays in upstream project … from some deeper voluntary production cuts agreed by OPEC+ members, the country… have intensified engagements with international oil companies (IOCs), indigenous operators, …