barrel

Still, expectations for a supply surplus in 2026 have intensified, with the International Energy Agency predicting that global oil supply will outpace demand by 4 million barrels per day next year.

She adds that crude oil prices remain vulnerable and any serious progress in peace talks would unleash more Russian barrels into an already oversupplied market and weigh on oil prices.

Flores, Sable’s chief executive, wagered that he could patch a leaky pipeline that once caused a disastrous oil spill, ship tens of thousands of barrels of crude to California’s refineries—and earn a windfall.

Analysts in a Wall Street Journal survey predicted a 1.3 million barrel decline.

The removal of the two-child benefit limit will mean no longer "scraping the barrel every month" to afford bills and food, a mother-of-three has said.