Oil prices edged up on Friday, as investors weighed a tight prompt market against a potential large surplus this year, ...

The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the ...

The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the ...

By bnm Tehran bureau Iran topped global crude oil production growth in 2024, increasing output by 374,000 barrels per day (bpd) to achieve a 13% rise, according to OPEC's latest statistical bulletin.

The IEA, which advises industrialised countries, expects global supply to rise by 2.1 million barrels per day this year, up 300,000 bpd from the previous forecast. World demand will rise by just ...