Category: OPEC +

Russia Points Out the Lack of Investment in Oil is Poised to Cause an Oil Shortage

Clark Savage15

In a stark warning that echoes growing concerns across the global energy sector, Russia\’s top OPEC+ negotiator, Alexander Novak, has highlighted the imminent risk of an oil shortage driven by chronic underinvestment. Speaking recently, Novak emphasized that traditional accessible reserves are depleting rapidly, while hard-to-recover reserves demand significantly higher costs. \”We are now seeing traditional […]

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The IEA Now Thinks Oil Demand Will Keep Rising Until 2050. Energy Reality is Setting In.

Clark Savage26

In a striking reversal that underscores the enduring grip of fossil fuels on the global economy, the International Energy Agency (IEA) has updated its forecast, now projecting that oil demand will continue to climb until at least 2050. Under its Current Policies Scenario (CPS), the IEA anticipates global oil consumption reaching 113 million barrels per […]

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OPEC+ Agrees to a 137,000 b/d Increase for December Followed by a 3-Month Pause: What It Means for Oil Markets and Investor Outlook

Clark Savage17

In a move that underscores the delicate balancing act facing global oil producers, OPEC+ has agreed to a modest production increase of 137,000 barrels per day (b/d) for December 2025, while simultaneously announcing a three-month pause on further hikes from January to March 2026. This decision, influenced heavily by recent U.S. sanctions on Russia, reflects […]

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