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OPEC+ Extends Output Cuts as Market Remains Stable
By MBN Staff - Tue, 11/04/2025 - 12:44
Eight OPEC+ countries will reduce oil production by 137Mb/d in December, maintaining supply discipline amid steady market and economic conditions.
https://mexicobusiness.news/tag/oil-supply
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Oil Markets Struggle With Oversupply as Demand Growth Falters
By Andrea Valeria Díaz Tolivia - Fri, 09/19/2025 - 09:32
Global oil demand stagnates while supply surges to record highs, pushing stocks higher and keeping Brent crude near US$67/b.
IEA: 2025 Global Oil Supply to Exceed Expectations
By MBN Staff - Thu, 08/21/2025 - 15:49
IEA has revised its forecast for global oil supply growth, projecting a stronger-than-expected increase for 2025 and 2026.
Oil Prices Steady, Post Sharp Weekly Losses Amid Tensions
By MBN Staff - Mon, 08/11/2025 - 16:25
Oil prices end stable but mark biggest weekly drop since June amid US-Russia tensions and rising tariffs on Indian oil imports.
IEA Lowers 2025 Oil Demand Forecast Amid Trade Tensions
By MBN Staff - Tue, 04/22/2025 - 15:08
IEA has cut its global oil demand growth forecast for 2025, citing escalating trade tension.
OPEC Lowers 2025 Global Oil Demand Forecast
By MBN Staff - Mon, 04/14/2025 - 13:04
OPEC slashes its 2025 oil demand growth forecast by 150Mb/d, citing weak 1Q25 data and tariff uncertainty.
Biden Bans Offshore Drilling: The Week in Oil and Gas
By Perla Velasco - Fri, 01/10/2025 - 09:00
US President Biden announced restrictions on offshore oil and gas projects across most of the US coastline to protect coastal ecosystems.
Global Oil Market Outlook: A Balancing Act for 2025
By MBN Staff - Wed, 01/08/2025 - 11:46
The International Energy Agency's (IEA) latest report reveals shifting trends in global oil markets as we enter 2025.
Private Players Remain Resilient in the Industry
By Perla Velasco - Thu, 10/12/2023 - 11:32
Decision-makers met at the 2023 Mexico Oil and Gas Summit last week. Meanwhile, PEMEX’s financial struggles continue. This is the Week in Oil and Gas!
Israel-Hamas Conflict’s Impact on Oil Prices
By Perla Velasco - Wed, 10/11/2023 - 08:45
Oil experts remain attentive to the Israel-Palestinian conflict as it is expected to affect oil supply and prices due to geopolitical implications.