GlobalOilSupply

Exxon Mobil Sets Higher Capital Spending for 2025 Amid Anticipated Global Oil Glut

12 days ago

In a significant move that reflects the current dynamics of the oil market, Exxon Mobil Corp has announced plans to boost its capital expenditures for 2025. The company's strategic decision is aimed at navigating a landscape expected to see a surplus in global oil supply, which could impact pricing and operational strategies.

Missing Oil Barrels Create Uncertainty in IEA's Bearish 2025 Oil Market Outlook

1 month ago

The International Energy Agency (IEA) is facing challenges in its bearish oil market forecast for 2025, largely due to the mysterious disappearance of millions of barrels of oil that have not been accounted for. This discrepancy raises significant questions regarding the IEA's analysis and projections for the global oil market.

Asian Oil Refiners Grapple With Expensive Saudi Crude Amid Profit Concerns and Rising Iranian Supply Risks

3 months ago

In a scenario that reflects the complexities of the global oil market, Asian refiners are expressing growing concerns over escalating costs for Saudi crude. The surge in prices has precipitated a decline in profit margins, simultaneously casting a shadow over the industry's investments and future operations. At the same time, the increased risk of growing Iranian oil supplies challenges the established market dynamics.