Oil prices are projected to remain under pressure in 2026, as swelling supplies eclipse modest demand growth, while geopolitical risks could cap deeper losses, a Reuters poll showed on Friday.

Canadian Prime Minister Mark Carney and the premier of Canada’s oil rich province of Alberta have agreed to work toward building a pipeline to the Pacific Coast to diversify the country’s oil exports beyond the United States,

Oil demand has defied bearish predictions to keep rising, but supply is set to increase even more, dragging crude prices lower through 2027.

Oil giants have fled California, but James Flores and his company Sable Offshore are desperate to get in, even if it means crossing swords with the state.

Oil prices were steady on Wednesday after sliding to a one-month low in the previous session as investors assessed prospects of oversupply and talks over a Russia-Ukraine peace deal. Brent crude futures gained 13 cents to $62.

Wall Street's biggest banks see oil prices falling into the $50s or lower per barrel in 2026 and beyond, teeing up a tough year for the oil and gas industry.

The plan has been met with strong opposition from California Gov. Gavin Newsom and is likely to draw bipartisan pushback in Florida, as well.

Oil prices remain on track for their largest yearly loss since the pandemic. They may be near a short-term bottom, however, with the lower prices likely to boost demand and temper global production.

The UK government will stick with a controversial windfall tax for North Sea oil and gas producers until the end of the decade, dismissing complaints that the levy hurts investment and jobs.

Soybean oil, the most widely consumed cooking oil in the United States, contributes to obesity in mice, through a mechanism scientists are finally beginning to understand.

It wasn’t a package gone astray. It was 385 gallons of home-heating oil, mistakenly pumped straight into the Nguyens’ basement by a Fawcett Energy driver who showed up not just at the wrong house, but the wrong city.

Oil futures reversed course late in the session to end down in low-volume Black Friday trade.