OPEC, oil demand
OPEC cuts 2024, 2025 global oil demand growth view again
OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the producer group's third consecutive downward revision.
OPEC Cuts Oil Demand Outlook, Again
Crude oil futures fell 2% Monday after OPEC reduced its oil demand outlook for 2024 and 2025 once again, citing data received so far this year.
OPEC Further Trims Oil-Demand Outlook
The Organization of the Petroleum Exporting Countries further trimmed its forecast for oil-demand growth, as it prepares to bring some barrels back into the market despite weaker global prices.
Oil falls 2% as OPEC cuts oil demand growth view, China concerns
Oil prices fell 2% on Monday as OPEC again lowered its outlook for 2024 and 2025 global oil demand growth while China's oil imports fell for the fifth straight month.
OPEC lowers global oil demand growth outlook for third straight month
OPEC now expects demand to grow by 1.93M bbl/day this year and 1.64M bbl/day in 2025, compared to its previous growth outlook of 2.03M bbl/day and 1.74M bbl/day respectively, although demand is still seen at healthy levels overall, well above the historical average of 1.4M bbl/day before the pandemic.
OPEC+ lowers global oil demand forecast for third consecutive month
OPEC+ has once again lowered this year’s forecast for oil demand growth worldwide, causing crude prices to fall by nearly 2%.
OPEC Cuts Global Oil Demand Growth Forecasts for Third Consecutive Month
OPEC trimmed its forecasts for oil demand growth this year and next for a third consecutive month as the group belatedly recognizes a slowdown in global fuel use.
OPEC cuts 2024, 2025 global oil demand growth forecast again
OPEC on Monday lowered its forecast for global oil demand growth in 2024, reflecting data received so far this year, while also slashing its projection
Opec further trims global oil demand growth outlook
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International Energy Agency sees 'muted' growth in global oil demand this year
The International Energy Agency said it sees “muted” global oil demand growth of 860,000 barrels per day on average for this year, according to a monthly report released Tuesday. That’s down 40,000 bpd from last month’s forecast.
International Energy Agency Lowers 2024 Global Oil Demand Projection Amid China Weakness
The International Energy Agency on Tuesday trimmed its global oil demand growth outlook for 2024 amid weakness in China, while crude futures were falling intraday as Israel reportedly said it doesn't plan to target Iran's oil facilities.
OPEC trims its China crude demand forecast, but nowhere near enough
OPEC cut its estimate for China's crude oil demand growth in 2024 for a third straight month in October, but the producer ...
Marketplace2d
Why OPEC is downgrading its demand forecast for the 3rd time in 3 months
​OPEC is now forecasting that demand for oil will grow more slowly than it had previously expected for the rest of this year ...
What Investors Should Note From OPEC's Monthly Oil Market Report
Investors interested in the energy sector could benefit from focusing on resilient stocks like Diamondback Energy, ExxonMobil ...
MT Newswires on MSN5h
Clean Energy Push to Bring Peak in Oil Demand by 2030, IEA Says
The momentum in clean energy sources amid growing electricity demand is "strong enough" to bring a peak in demand for fossil fuels, including oil, by the end of the decade, the International Energy ...