china oil demand news

OPEC trims its China crude demand 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.

Yahoo Finance on MSN · 23h

Oil slides 2% as OPEC lowers demand forecast, China stimulus lacks clarity

Oil prices fell 2% on Monday after China’s stimulatory plans failed to impress traders and oil alliance OPEC lowered its demand forecast. West Texas Intermediate ( CL=F) and Brent ( BZ=F) each hovered above $73 per barrel. BZ=F) traded above 73 per barrel.

The Wall Street Journal on MSN · 8h

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,

Oil, Israel and Iran

Barron's on MSN · 6h

Oil Plunges. Why China Is a Bigger Problem for Prices Than Israel, Iran War.

Crude benchmarks slumped on Tuesday as traders fretted about weak Chinese demand and weighed up a report saying that Israel won't attack Iranian oil targets.

MarketWatch on MSN · 4h

Crude prices tumble after report Israel won’t target Iran’s oil facilities

Oil futures tumbled Tuesday, with the U.S. benchmark dipping back below $70 a barrel, after a report that Israel will not attack key oil facilities in Iran. The Washington Post, citing officials familiar with the matter,

Reuters on MSN · 18h

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 and a media report that Israel is willing to strike Iranian military and not nuclear or oil targets.

China, exports

Bloomberg L.P. · 1d

China Oil Imports Slowed in September on Weak Margins, Repairs

Chinese oil imports fell last month as refiners grappled with weak margins and shut units for planned maintenance.

Seattle Times · 1d

China’s exports slow sharply in September, adding to worries over the economy

China’s exports slowed sharply in September as global demand weakened, adding to worries over how to recharge growth in the world's second-largest economy.

Arkansas Democrat-Gazette · 12h

China’s exports slow as demand weakens

China's exports slowed sharply in September as global demand weakened, adding to worries over how to recharge growth in the world's second largest economy. Exports rose 2.4% in dollar terms from a year earlier last month,

1hon MSN

China will exaggerate economic data & oil demand will continue to lag, says AEI's Derek Scissors

Derek Scissors, senior fellow at American Enterprise Institute, joins CNBC's 'The Exchange' to discuss China's slowing oil ...

China’s Vague Stimulus Announcement Sends Oil Futures Lower By Over 2%

Lack of clarity on China's economic stimulus plans sent oil futures tumbling, as traders adopted a wait and see approach to ...

Crude Oil Prices1d

China’s Diesel Demand Likely to Have Peaked as LNG Use in Trucking Soars

China's diesel demand has peaked earlier than expected due to the rising popularity of LNG-fueled heavy-duty vehicles.

Business Times11h

IEA cuts 2024 oil demand growth view, sees surplus looming

THE International Energy Agency (IEA) on Tuesday (Oct 15) further cut its global oil demand growth forecast for this year ...

Bearish Triple Whammy Hammers Oil Futures With Over 5% Declines

Global oil futures suffered heavy declines on Tuesday following a series of bearish market developments and a renewed focus ...

energyintel11d

Can China’s Oil Demand Bounce Back?

Opaque data makes it hard to predict the trajectory of Chinese demand, raising the possibility that it could surprise to the ...

Oil Falls on Chinese Demand Concerns

Oil prices fell in early European trade on persistent concerns over the demand outlook in top crude importer China.

1don MSN

Oil prices erase last week's gains on China demand woes

Oil prices on Monday wiped out all of last week's gains as China's stimulus plans failed to inspire confidence among ...

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