The 2mn barrel divide: IEA and Opec at odds over oil demand

The IEA is the most bearish about demand in 2026, putting it at 104.7mn b/d. Opec is the most bullish, with a forecast of 106 ...

US crude oil stockpiles rise as production hits record

Commercial crude oil inventories jumped 6.4 million barrels as U.S. production set new records and refinery capacity ...

Enbridge $1.4 Billion Project Aims to Boost Canadian Oil Flow to U.S. Refineries

Pipeline operator Enbridge will push ahead with a $1.4 billion expansion of its core network to boost deliveries of Canadian ...

Enbridge approves $1.4 billion project to boost Canadian oil flows to US

Canadian pipeline operator Enbridge on Friday approved $1.4 billion in expansion projects for its Mainline and Flanagan South ...

Preliminary findings show a fatigue crack caused a Keystone Pipeline oil spill in North Dakota

BISMARCK, N.D. (AP) — A fatigue crack in the Keystone Pipeline led to an oil spill in North Dakota earlier this year that ...

It might not be ‘Peak Oil,’ after all. What the IEA’s new scenarios mean for oil prices.

The key international agency forecasting energy demand now says the current path will have consumption of oil and gas growing ...

Oil Market Faces Growing Surplus as Inventories Climb, IEA Says

The oil market is becoming increasingly unbalanced with global inventories continuing to climb and an even larger surplus ...

There’s a New Forecast for Peak Oil Demand. It’s Increasingly Cloudy.

The International Energy Agency once projected that oil and gas demand could level off by 2030. Now it’s backing off, sort of ...

Why US Military Deployment Has Venezuela Worried About Its Oil

On Nov. 11, the USS Gerald R. Ford, the world’s largest aircraft carrier, arrived in the Caribbean Sea as part of a military ...