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OPEC Cuts Oil Demand Outlook
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 oil demand growth forecast for 2024 and 2025; September oil output declines
The Organization of the Petroleum Exporting Countries trimmed its forecast for growth in global oil demand for both 2024 and 2025 on Monday.
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.
16h
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 ...
37m
on MSN
Oil slides after report Israel won’t target Iran’s oil facilities
Oil futures tumbled Tuesday after a report that Israel will not attack key oil facilities in Iran. Crude futures fell 5%, or ...
Crude Oil Prices
7h
Oil Prices Fall as Geopolitical Premium Fizzles
Oil prices dropped after reports that Israel would not be targeting Iranian oil facilities combined with bearish economic ...
5h
on MSN
Crude oil prices fall more than 4% as looming surplus overshadows Iran-Israel tensions
The International Energy Agency said Tuesday that its members are prepared to take action if there is a supply disruption in the Middle East.
57m
Oil market remains well supplied amid rising Middle East tensions: IEA
The oil market remains adequately supplied against a backdrop of heightened Middle East tensions, the International Energy ...
1d
Crude Oil dips with China and OPEC dampening hopes for quick recovery
Crude Oil starts the week on the backfoot, sinking further below $75.00. The US Dollar Index orbits around 103.00 and is looking for a catalyst to move higher.
1d
OPEC "Global demand for crude oil next year 1.6% from this year↑"
OPEC, the Organization of the Petroleum Exporting Countries, predicts that global demand for crude oil will increase by 1.58% next year from this ...
22h
on MSN
Oil falls over 2% as OPEC cuts oil demand growth view, China concerns
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices declined more than 2% on Monday, wiping out all of last week's gains, as ...
Crude Oil Prices
1d
OPEC Oil Production Dipped by 600,000 Bpd in September Amid Libyan Blockade
OPEC
’s crude
oil
production slumped by 604,000 barrels per day (bpd) in September compared to August, as Libya’s output ...
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