The projected surplus has narrowed due to lower OPEC+ production, but a large supply overhang continues to cloud the outlook, the International Energy Agency said.
OPEC supply growth and key trendline breaks pressure natural gas and oil prices, raising downside risks as traders assess shifting market momentum.
US forces intercepted and seized a sanctioned oil tanker off the coast of Venezuela. A senior Trump administration official referred to the ship as “a stateless vessel” that was last docked in Ven
WTI crude oil extended losses on supply glut fears and weak demand, while natural gas maintained a bullish structure supported by strong fundamentals and geopolitical tensions.
Oil rose in the early Asian session amid rising tensions between the U.S. and Venezuela.
The U.S. seized an oil tanker off the coast of Venezuela, President Donald Trump said Wednesday, in a move likely to ramp up tensions with the government of President Nicolas Maduro.
The move comes amid heightened tension between Washington and Caracas, and hours after the country's opposition leader left the country on a boat.

US Seizes Oil Tanker Off Coast of Venezuela

04:57pm, Wednesday, 10'th Dec 2025
US forces intercepted and seized a sanctioned oil tanker off the coast of Venezuela, marking a serious escalation of tensions between the two countries. “We've just seized a tanker on the coast of V
U.S. seizes oil tanker off the coast of Venezuela: Report
Oil markets are losing ground as traders focus on rising supply and weak demand.
Chevron Chief Executive Officer Mike Wirth discusses the impact of lower oil prices on exploration, discussions with the Trump administration on remaining in compliance with sanctions in Venezuela, po

U.S. Crude-Oil Stockpiles Post Weekly Decline

11:09am, Wednesday, 10'th Dec 2025
U.S. crude oil inventories fell by 1.8 million barrels last week and were about 4% below the five-year average for the time of year, the EIA said.
Crude oil remains choppy as the market searches for a floor near key support levels. Persistent oversupply and weak demand continue to pressure prices, leaving rallies vulnerable to renewed selling an
Crude oil holds steady as traders eye a 7M barrel inventory draw and Fed rate cut; rising U.S. production and weak demand keep oil outlook under pressure.

A Billion-Barrel Oil Glut Is Forming at Sea

05:30am, Wednesday, 10'th Dec 2025
Geopolitics and sanctions are causing crude to accumulate on the ocean.
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