The World Is Awash With Oil and Prices Are Poised to Keep Falling

There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending ...
Morningstar

Can OPEC+ flood the world with crude? It's harder than oil traders think.

Major oil producers meet this weekend to decide on August production levels Bearish oil traders foresee a world soon to be awash in crude, but it might be a lot harder to oversupply the market than ...
Reuters

OPEC+'s crude output hike comes amid tepid Asian oil demand

LAUNCESTON, Australia, June 2 (Reuters) - The crude oil market devotes considerable energy to what OPEC+ says, but perhaps a little less to what it actually does when it comes to the supply of the ...
The Business Standard

Venezuela holds one-fifth of the world’s crude oil reserves

The United States has been escalating pressure on Venezuela for months, from Trump's ultimatum demanding that President Nicolás Maduro leave with his family to warnings interpreted as preparations for ...
Hosted on MSN

Can OPEC+ flood the world with crude? It’s harder than oil traders think.

Bearish oil traders foresee a world soon to be awash in crude, but it might be a lot harder to oversupply the market than widely thought, thanks to one overlooked factor — at least according to one ...