Oil prices jumped nearly 2% on Thursday as rising tensions between Russia and Ukraine spurred concerns about global crude supply disruptions
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global oil supply
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The IEA predicts a surplus in global oil supply by 2025, driven by rising production from non-OPEC+ nations and slowing demand growth in China
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Oil prices dipped slightly after reaching their highest levels in over a month, driven by concerns over supply disruptions from the ongoing Middle East conflict.
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Oil prices surged as violence in the Middle East escalated, raising concerns about supply disruptions, though a stable global outlook has kept gains in check.
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Oil markets brace for impact after Iran’s surprise attack on Israel. The potential for wider conflict and disruption to global oil supplies keeps markets on edge. Analysts predict an initial …
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Dangote Refinery gears up for full capacity, playing a crucial role in meeting the surging global oil demand led by China.