Economics ❯ Market Dynamics ❯ Supply and Demand ❯ Oil Supply

Geopolitical Factors

Oil Edges Higher as U.S. Blocks Sanctioned Venezuelan Tankers and Mulls Fresh Russia Sanctions

An entrenched supply glut, with rerouted Russian shipments, is limiting the rally.

OPEC+ Completes Reversal of 2023 Cuts With 547,000 bpd September Supply Increase