Author Archives: finixxgroup

Kazakhstan Redirects Kashagan Oil to China After CPC Export Terminal Damage Kazakhstan has begun rerouting part of its Kashagan oil production directly to China following significant damage at the Caspian Pipeline Consortium (CPC) export terminal, which usually serves as the main route for Kazakh crude exports through the Black Sea. Key Developments CPC terminal damage: […]

Global Oil Market Outlook for 2026: Rising Supply and Price Pressure Ahead As the global oil industry moves into 2026, analysts forecast significant changes driven by rising supply levels, improving production technologies, and shifting demand patterns across major economies. Key Outlook Highlights Oversupply expected: Major commodities traders project a substantial oil surplus in 2026 due […]

Oil Prices Show Mixed Movement Amid Shifting Supply and Demand in December 2025 Global oil markets experienced fluctuating price trends in December 2025 as changing supply conditions, evolving geopolitical risks, and easing inflation pressures shaped market sentiment. Market Overview Oil price dip: Brent crude slipped to approximately $62.41 per barrel, while WTI moved toward $58.75 […]

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 […]