NEW YORK (Reuters) -Oil prices gained about $1 on Tuesday on the impact of the latest U.S. sanctions on Russian oil and the optimism over a potential end to the U.S. government shutdown, although ...

The oil industry faces potentially brutal years ahead as Wall Street’s leading investment banks forecast a dramatic price collapse driven by what analysts describe as punishing oversupply conditions ...

Feb 27 (Reuters) - Supply risks from ongoing ⁠geopolitical ⁠tensions have prompted analysts to raise ⁠their oil price forecasts for the year, despite concerns that an oversupply will continue to weigh ...

An oil surplus long prophesied by traders may finally be materializing, according to Gunvor Group CEO Torbjörn Törnqvist, who says the market is shifting from tightness to glut—though not everyone is ...

LONDON, Jan 2 (Reuters) – Oil prices dipped on the first day of trade in 2026 after registering their biggest annual loss since 2020 as investors weighed oversupply concerns against geopolitical risks ...

An oil market surplus that’s long been anticipated by investors is finally showing signs of emerging, a fact that may start to drive down crude prices, the boss of one of the world’s top energy ...

Dow's third-quarter profit fell, hurt by continued oversupply of petrochemicals which is dragging down prices for its principal products. The chemicals company reported net income of $62 million, or 8 ...

Gunvor CEO: market is shifting from tightness to glut. Chinese stockpiling has been taking excess barrels off the market. Gunvor CEO: “There’s a great deal more oil hitting the market at the time ...