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Strong U.S. crude supply and growing inventories bring headwinds on OIL shares. In this brief report … thanks to OPEC suppl…

Texas and other shale-rich states are spewing a gusher of high-quality crude — light-sweet in the industry parlance — feedi…

What’s driving the global glut of oil Nov 12, 2018 … Major oil producers discussed potential reductions to crude production at their latest meeting, as concerns over growth in output combined with …

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Nov 11, 2018 … The oil market looks poised to swing into oversupply next year as growing global crude output swamps shaky demand, a committee of allied …

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The 2010s oil glut is a considerable surplus of crude oil that started in 2014-2015 and accelerated in 2016, with multiple causes. They include general oversupply as US and Canadian tight oil (shale oil) production reached critical volumes, geopolitical rivalries amongst oil-producing nations…

That Investor’s Business Daily story begins by stating "The U.S. shale oil boom … demand growth for 2019 to 1.24 million bo…

LONDON (Reuters) – OPEC said on Tuesday it had cut oil production steeply under a global supply deal, although it flagged hea…

Both oil benchmarks have risen this year after the Organization of the Petroleum Exporting Countries and its allies, including Russia, began to cut output to prevent a supply glut from growing. Surgin…

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