Market

IEA Projects Significant Global Oil Surplus by 2026

Doha: The International Energy Agency (IEA) forecast Monday a global oil market oversupply of 4 million barrels per day (bpd) in 2026, citing the recent increase in crude oil supplies from the Middle East and the Americas. It noted that this increasin…

Ukraine Weighs USD2 Billion Gas Imports Amid Russian Strikes

Kyiv: Ukraine may import natural gas worth up to USD 2 billion this winter from Europe, the United States, and Azerbaijan, following severe damage to Ukraine’s gas infrastructure caused by Russian attacks, Ukrainian President Volodymyr Zelenskyy said …