World Oil Supplies Are Running Out Fast

The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned.

Topics:  world   oil   energy   
BING NEWS:
  • Oil surges as sanctions seen disrupting Russian supplies; China, India reportedly turning away tankers
    Crude oil futures jumped to five-month highs Monday, continuing the rally begun Friday following news of expanded U.S. sanctions against Russian oil that target several producers and hundreds of ...
    01/13/2025 - 11:29 am | View Link
  • Crude Rallies as US Sanctions on Russian Oil Tighten Global Supplies
    WTI crude oil (CLG25) today is up +2.15 (+2.81%), and February RBOB gasoline (RBG25) is up +0.0391 (+1.88%). Crude and gasoline prices today are pushing higher, with crude posting a 5-month high and ...
    01/13/2025 - 4:06 am | View Link
  • Oil prices drop amid supply concerns and weak economic data
    Oil prices fell for a second day, with Brent down 0.1% and WTI down 0.19%. Concerns about Russian and Iranian supply amid sanctions prevented steeper losses.
    01/6/2025 - 5:46 pm | View Link
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