The U.S. Energy Information Administration (EIA) forecasts an increase in global oil production of 800,000 barrels per day in 2026, thanks to the prominent role of Argentina, Brazil, and Guyana: three non-OPEC countries that will contribute an average of 400,000 barrels per day.
This projection has…
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oil supply
IEA raises global oil supply growth
The International Energy Agency's forecasts for global oil supply at the end of 2025 and for 2026 were raised to 3.1 million and 2.5 million barrels per day, respectively.
This is reflected in the IEA's recent report on this market,…
OPEC+ extends deadline for oil cuts
At a meeting on September 5, the member countries of the OPEC+ alliance agreed to postpone for two months the increase in oil supply scheduled for October.
According to a statement, the decision was made at a meeting of the sector…