The rise of oil on water comes from multiple sources. There has been a 16% year-over-year jump in barrels from mainstream producers, Vortexa data shows. OPEC+ has been pumping more oil as it unwinds production cuts, and supply is also increasing from non-OPEC exporters like Brazil, Guyana and the U.S.

Escalating tensions may constrain near-term supply, but a post-Maduro scenario with lifted sanctions could allow Venezuela to rebound toward 2 million bpd within 1–2 years, according to Wood Mackenzie.

Silver has overtaken oil for the first time in 45 years, with one ounce now buying more than a barrel of crude.

While Opec has now reined in its growth plans, and supply fell last month because of sanctions on Russia and Venezuela, the IEA still expects a surplus of 3.7mn b/d of oil on average in 2026, an even bigger overhang than was seen during the pandemic. - Copyright The Financial Times Limited 2025

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a build of 1.3 million barrels in the week ending November 7, after analysts anticipated a 1.7 million barrel build. Crude oil inventories gained 6.5 ...

Oil is piling up on the water at a scale the industry has never seen, with close to a billion barrels now sitting in tankers that have nowhere urgent to go. Instead of moving briskly between ports, these ships are circling slowly or idling at anchor,

Economic declines in China or Europe may lead to more oil supplies: analyst Oil prices look set to end the year lower as demand weakness, particularly from China, prevails - but 2025 may bring an even steeper loss, with the possibility of a drop below $50 ...

Oil markets are entering a new phase of uncertainty after the U.S. joined the war between Iran and Israel, with experts warning of triple-digit prices. Investors are closely watching for Tehran's reaction following the U.S.' strikes on its nuclear ...