Lates News

The CEO of BP, Bob Dudley, said that oil supply growth from non-OPEC countries is expected to stagnate in early 2026 while demand remains strong. "We believe that after February or March next year, non-OPEC oil supply will generally remain flat," he said after the company announced its performance. "Supply will remain relatively flat over the following 12 to 18 months." This stagnation could support oil prices. Currently, oil prices in the London market are around $69 per barrel and have already fallen 8% this year. Many forecast organizations, such as the International Energy Agency, predict that global oversupply will worsen in the coming months and continue until 2026.