There’s an Oil Glut. That Might Not Tank Prices.

There’s an Oil Glut. That Might Not Tank Prices. Crude prices have slumped 23% this year and could head lower in 2026, even ...
Hosted on MSN

Gas Prices Collapse Toward $3—US Oil Flood And Global Glut Deliver 4-Year Low

On a brisk autumn morning in Evans, Colorado, drivers are doing double takes at the gas pump: $1.99 per gallon, a price many thought was gone for good. This unexpected relief is not isolated. Across ...
Crude Oil Prices

Oil Tankers Jam Seas as Global Glut Builds

China, the world’s largest importer of crude oil, has been stockpiling it at a rate of close to 1 million barrels daily since the start of the year. Vortexa: 1.2 billion barrels of crude oil are ...
Crude Oil Prices

Oil Drops as Markets Digest OPEC+ Supply Decision

Oil prices dropped to their lowest in a week on Monday as markets digested OPEC+'s decision to implement another significant output increase in September. US Oil Majors Reign Supreme as Competitors ...
The New York Times

Prices Are Rising, but Not for Oil and Gas

Plentiful supply and weak demand has helped bring down fuel prices, which President Trump has often cited as a measure of his success. By Emmett Lindner The price of crude oil dropped to $62.46 a ...
Reuters

Oil price smile could leave traders in tears

LONDON, Aug 20 (Reuters) - A glaring mismatch between benchmark oil prices and expectations of a looming supply overhang has created an imbalance that could end badly for traders. Major energy ...