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Friday, January 16, 2026

Tag: global oil supply

Crude Oil May Become Cheaper Than Water by 2027: JP Morgan

JP Morgan forecasts Brent crude could drop to $30 per barrel by March 2027, making oil cheaper than bottled water and potentially slashing fuel prices in India.

Ukrainian Drone Strikes on Russian Refineries Drive US Fuel Prices Higher

Ukrainian attacks on Russian energy facilities are causing global oil supply shortages, pushing US refining margins to highest levels since 2018 according to Bloomberg analysis.

Oil Prices Surge 5% as US Sanctions Russian Energy Giants

US sanctions target Rosneft and Lukoil over Ukraine war funding, forcing China and India to find alternative oil suppliers by November deadline.