Global Oil Supply

West Texas Intermediate (WTI) crude futures fell about 3% to $106 per barrel on Monday, extending last week’s decline on hopes for a diplomatic solution to the Russia-Ukraine war even as fighting raged on. The US…

Brent crude futures fell to below $64 a barrel on Monday, following a 3.3% gain in the previous session, after OPEC+ decision to gradually ease production cuts from May to July, and as coronavirus infections continue to rise, raising…

The Organization of the Petroleum Exporting Countries (OPEC) has projected global oil demand to increase by 5.9million barrels per day (mb/d) year-on-year  in 2021. https://twitter.com/OPECSecretariat/status/1370393648735600642…