Author Archives: finixxgroup

IEA Projects a Large Global Oil Surplus in 2026 The International Energy Agency (IEA) forecasts a significant global oil surplus in 2026 as supply continues to grow faster than demand. The agency reports that rising production from both OPEC and non-OPEC countries could lead to an oversupply of more than 4 million barrels per day […]

World Bank Warns of Potential Supply and Demand Gap in Oil by 2026 The World Bank has issued a new report signaling a potential imbalance in global oil markets by 2026, with supply expected to expand faster than demand. This trend could lead to volatility in energy markets as producers adjust output to maintain price […]

Nigeria Refinery Ramps Up Output Following New Fuel Import Duty A major Nigerian refinery has increased petrol and diesel production after the government introduced a new fuel import duty, supporting local refining capacity and reducing reliance on imported fuels. Updated Analysis The refinery’s output increase follows policy changes that raise the cost of imported fuel […]

PetroChina’s Yunnan Petrochemical Unit to Shut for Two-Month Overhaul Maintenance Shutdown: PetroChina announced that its Yunnan Petrochemical Company will undergo a planned two-month maintenance shutdown from November 15, 2025 to January 15, 2026, temporarily halting crude processing operations at one of China’s major inland refineries. Updated Analysis The Yunnan refinery, located in Anning City, Kunming […]

Oil Retreats on Oversupply Worries Market Correction: Crude oil prices slipped as traders grew concerned that rising global supply and slowing demand growth could lead to an oversupplied market, reversing earlier gains seen earlier in the week. Updated Analysis After several sessions of modest recovery, both Brent and West Texas Intermediate (WTI) futures fell on […]

Oil Settles Higher as Tight Fuel Markets Offset Crude Supply Concerns Market Dynamic: Crude oil prices closed higher as surging fuel markets—particularly gasoline and diesel—helped offset lingering worries about an oversupply of crude oil. Updated Analysis Despite persistent predictions of a crude-oil surplus, analysts shifted attention to tighter fuel refin- ing and product markets. U.S. […]

India’s HPCL, MRPL Buy 5 Million Barrels of U.S. and Mideast Oil Crude Procurement Shift: India’s state refiners Hindustan Petroleum Corporation Ltd (HPCL) and Mangalore Refinery and Petrochemicals Ltd (MRPL) have jointly purchased around 5 million barrels of crude oil from the United States and the Middle East for delivery in early 2026, according to […]

Saudi Aramco CEO Warns of Potential Global Oil Shortage Supply Concerns: Amin Nasser, CEO of Saudi Aramco, warned that the world could face a future oil shortage due to underinvestment in exploration and production over the past decade. Updated Analysis Nasser highlighted that current investment levels in upstream oil are insufficient to meet future demand. […]

Egypt Plans 480 New Oil Wells with US$5.7 Billion Investment Expansion Initiative: Egypt’s Ministry of Petroleum announced plans to drill **480 exploratory oil wells** over the next five years, backed by an investment of **US$5.7 billion**. Updated Analysis The large-scale drilling programme marks one of Egypt’s most ambitious upstream efforts in recent years. The initiative […]

Ukraine Drone Attack on Russian Gas Plant Disrupts Kazakh Gas Exports Energy Shock: A Ukrainian drone strike hit a major Russian gas processing facility in the Orenburg region, disrupting gas exports from Kazakhstan that rely on the plant’s transit capacity. Updated Analysis The strike, which targeted critical infrastructure deep inside Russian territory, marks one of […]