Global Oil Markets
Price trends, demand-supply drivers and analysis for Global Oil Markets. Tracking 2 stories on Arth Vani.
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Latest on Global Oil Markets
Venezuela Oil Output Decades Away From Peak Despite US Deal: Rystad Energy
Venezuelan oil production is expected to take decades to return to its historical peak of over 3 million barrels a day, according to a report by Rystad Energy. This slow recovery is projected despite a recent agreement with the US that is anticipated to boost near-term output.
IEA Cuts 2026 Global Oil Supply Forecast Amid Hormuz Closure Concerns
The International Energy Agency (IEA) has significantly reduced its global oil supply forecast for 2026. This downward revision is attributed to deepening concerns surrounding the Strait of Hormuz closure, a critical chokepoint for global oil transit.
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