Oil Supply
Exxon Mobil shares jump 5% in pre-market trade on NYSE after Donald Trump signals access to Venezuela's oil reserves
Exxon Mobile shares surged 5% in pre-market trade on NYSE, reaching $126.33 apiece after US President Donald Trump said the United States would “run” Venezuela following the ousting of Nicolás Maduro over the weekend.
2 min read5 Jan 2026A billion-barrel oil glut is forming at sea
Geopolitics and sanctions are causing crude to accumulate on the ocean.
3 min read10 Dec 2025There’s an oil glut. That might not tank prices.
Worries over Ukraine and Russia are helping keep oil prices from falling through the floor.
4 min read2 Dec 2025Oil could fall to the $30s—unless someone turns off the taps
Oil demand has been rising. But supply is rising more than twice as fast, and it is starting to overwhelm the market.
1 min read25 Nov 2025Everyone expects oil to fall. 3 reasons why it hasn’t.
Traders are bearish because producers are pumping out more oil than consumers are using. Still, oil prices haven’t dropped in recent weeks.
2 min read3 Sep 2025Emergency plan to bypass the Strait of Hormuz will be a template for future crude emergencies, says Indian Oil chief
The national oil companies of Saudi Arabia and the UAE assured Indian state-run oil companies of uninterrupted supplies through all possible options during the Israel-Iran conflict, says Arvinder Singh Sahney, chairman of Indian Oil.
13 min read7 Jul 2025Indian refineries turn to US oil sources as sanctions block Russian stock
Bharat Petroleum, Indian Oil Corporation and Reliance Industries have purchased about 7 million barrels of April-loading US crude so far this month, traders told Bloomberg. This is the largest monthly volume since May 2023, Kpler data showed.
1 min read19 Mar 2024