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OPEC revises down oil demand growth
Oil prices hold near 2-week low on lower oil demand growth forecasts
Oil prices held near a two-week low on Wednesday after dropping about 7% over the prior three days on forecasts for less oil demand growth and an easing in worries that Middle East conflicts will result in supply disruptions.
Crude oil prices fall nearly 2% after OPEC cuts demand forecast again
OPEC has cut its demand forecast for 2024 and 2025. The market, meanwhile, continues to monitor the Middle East in anticipation of a retaliatory strike by Israel against Iran. Crude oil futures fell nearly 2% on Monday after OPEC cut its demand forecast for 2024 for the third time in a row.
OPEC revises down oil demand growth again on Chinese uncertainties
In the wake of continuing economic uncertainty in China, the Organization of the Petroleum Exporting Countries (OPEC) has reduced its forecast for 2024’s global oil demand growth, while also lowering its projection for 2025.
Oil, Middle East
Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens
Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after a media report said Israel is willing to not strike Iranian oil targets, easing fears of a supply disruption.
Oil Inches Lower With Middle East, Global Demand Concerns in Focus
Oil prices edge lower in early European trade as markets monitor developments in the Middle East and await further details on China’s stimulus plans. Brent crude and WTI are both down 0.3% at $74.03 and $70.
Oil prices fall on easing Middle East fears
Oil prices tumbled Tuesday on reports that Israeli Prime Minister Benjamin Netanyahu told US President Joe Biden he would not strike Iran's crude or nuclear facilities.
2d
on MSN
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 ...
13h
Oil could fall to $25 per barrel by 2050 if net zero emissions goals met, IEA says
The IEA sees cheaper energy prices in the future as oil gets displaced by EVs and renewables meet growing electricity demand.
Crude Oil Prices
11h
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 ...
15h
on MSN
Lower oil and natural gas prices, higher electricity demand expected over next five years: IEA
Natural gas and oil prices are likely to decline in the second half of the decade, but unexpectedly high worldwide demand for ...
20h
on MSN
Oil prices down for 4th straight session as traders weigh supply and demand
Crude futures inched lower on Wednesday, on track to tally a fourth straight session decline, as traders focus on an ...
1d
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 Prices
1d
IEA Doubles Down on Its Forecast of Peak Oil and Gas Demand by 2030
The International Energy Agency predicts that demand for oil, natural gas, and coal will peak by the end of the decade, ...
20h
Why Oil Traders Have Become So Pessimistic About 2025
Even as oil prices swirl amid the turmoil gripping the Middle East, many traders have remained resolutely pessimistic about ...
15h
on MSN
Oil prices hold at 2-week low on lower oil demand growth forecasts
Oil prices held near a two-week low on Wednesday after dropping about 7% over the prior three days on forecasts for less oil ...
The Art Newspaper
19h
An open letter from Just Stop Oil and Youth Demand: 'we need institutions to confront their responsibilities'
Responding to a recent letter from the National Museum Directors' Council, the campaign groups have proposed a meeting in ...
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