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OIL GLUT
The $1 trillion AI 'arms race' is fueling a hidden supercycle and it's not just chipsDBS Bank says the global AI arms race is driving a multi-year capex supercycle extending beyond semiconductors into energy, networking, inf...- Ceasefire hopes between US and Iran drag oil prices lower: What lies ahead?The recent decline in oil prices is primarily driven by fading fears of supply disruptions. Earlier, markets had priced in worst-case scena...
- Oil slips again as US, Iran sign peace dealOil prices dropped as the U.S. and Iran reached an interim agreement to end the war, reopen the Strait of Hormuz, and lift sanctions on Teh...
- Ethanol transition can shift to "Transport Energy Backbone" to shield India from oil shocks: KPMGIndia's ethanol use is evolving beyond simple blending. It is set to become a key transport energy source. This will help manage fluctuatin...
- An LNG glut is on its wayThe closure of the Strait of Hormuz and the shutdown of Qatar’s LNG exports have pushed gas prices higher, but the disruption could ultimat...
- Global clean-energy manufacturing supply far exceeds demandGlobal clean-energy manufacturing capacity now exceeds demand. Asia, led by China, dominates production, pushing prices down. This oversupp...
- Rs 10.9 lakh crore burden: Iran shock can take a load off India's backRising oil prices triggered by the Iran conflict are pushing India to accelerate its shift away from fossil fuels, with the government fast...
- The Ukraine war is changing. European allies' strategy must change tooUkraine's war effort has shifted, with drones dominating the battlefield and blunting Russia's advantages. While Russia faces higher casual...
- Oil & gas sector outlook 2026: Higher brent prices seen boosting upstream firms, hurting OMC marginsGlobal oil markets have shifted dramatically. Geopolitical tensions have caused a surge in Brent crude prices. Supply disruptions are a maj...
- US stocks: American Airlines dims 2026 forecast as high fuel costs hurt marginsAmerican Airlines cut its 2026 profit forecast on Thursday, pushing the lower-end of the range to a loss, as sky-high jet fuel costs driven...
- Davos 2026: Aramco CEO says oil glut predictions are seriously exaggeratedAramco's chief Amin Nasser believes oil glut forecasts are overstated. He points to robust demand and falling global oil reserves. This con...
- Oil flat as weak demand, oil glut weigh on marketOil prices remained largely flat early Thursday, following a dip to two-week lows due to weaker demand and a global oil glut. U.S. crude st...
- Oil gains despite OPEC+ planning to boost outputDespite OPEC+'s planned output hikes, oil prices remain surprisingly resilient, trading near $67 a barrel. Analysts attribute this to China...
- Oil falls to $30 as supply glut counters lockdown easingsWest Texas Intermediate (WTI) crude fell $1.20, or 4.6 per cent, to $23.36.
- Oil rises further above $26 as Opec+ begins record cutsUS crude for June added $1.18, or 6.3 per cent, to reach $20.02.
- A hunt for any storage space turns urgent as oil glut growsTraders said Monday's market drop indicated any unfilled tanks are under lease, and not available to new renters.
- Saudi Arabia's new trick is turning off the US oil tapData published last week by the US Energy Information Administration show that imports from Saudi Arabia in the week to July 14 fell to the...
- Opec maintains status quo on oil production after members fail to reach consensusThe meeting didn’t produce a supply accord but did reach consensus on appointing Nigeria’s candidate as new secretary-general, Sudirman Sai...
- Stock overhang will act a dampener on oil prices: Spencer Dale, Chief Economist, BP GroupOil demand is likely to match supply by the end of the year, but prices are unlikely to return to the $100 levels, says the BP Group Chief ...
- Crude oil: A tale of two crashesWhile decline in demand was the key driver for the 2008 crash, the sharp drop in prices this time around are being caused by a supply glut.
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