OPEC, Oil Demand
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 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 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.
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 and for 2025. It’s the third time in as many months that the Organization of the Petroleum Exporting Countries has downgraded its forecast.
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 group is still massively optimistic given the reality of falling imports.
OPEC trims forecast for oil-demand growth in 2024 and 2025
The Organization of the Petroleum Exporting Countries on Monday cut its forecast for growth in oil demand for this year and 2025. In its monthly report, OPEC said it cut its forecast for demand growth in 2024 by 106,
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.
IEA Trims Oil-Demand Forecast for Third Consecutive Month
The International Energy Agency trimmed its forecast for this year’s oil-demand growth for the third month in a row, as a rapid slowdown in Chinese consumption weighs on the global outlook.The Paris-based organization forecasts global demand to grow by 862,
Crude Oil Prices1h
This Is About As Bearish As Oil Has Been Since the 2008 Financial Crisis
Analysts from Standard Chartered note discrepancies between supply estimates from IEA, OPEC, and the U.S. Energy Information ...
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 ...
Oil Futures Hammered By 5% Declines Following Bearish Triple Whammy
Global oil futures suffered heavy declines on Tuesday following a series of bearish market developments and a renewed focus ...
Crude Oil Prices2h
Is IEA Overhyping OPEC's Spare Capacity?
OPEC's spare oil production capacity is the go-to argument by many analysts when the threat of higher prices rears its head. The latest International Energy Agency monthly report was no exception. But ...
Oil prices drop $2 on demand concerns, Israel comments
Oil prices slid $2 in early Asian trade on Tuesday as OPEC lowered its outlook for global oil demand growth in 2024 and 2025 ...