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Wed, Mar 18 2026
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NEWS

OPEC+ Moves Ahead with Oil Production Increase Despite Fears of Oversupply

OPEC+ confirms another oil production hike in November 2025, raising fears of oversupply and potential price pressure amid weak global demand.

By Media Network | November 01, 2025 | 0 Comments
NEWS

Oil market will face supply shortage by end of 2025, Occidental CEO says

David G. Hager, the CEO of Occidental Petroleum Corporation, has issued a stark warning that the oil market is on track to experience a supply shortage by the end of 2025. The statement comes amidst growing concerns about the future of global energy supply and the challenges facing the oil industry.

By Media Network | February 06, 2024 | 0 Comments

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