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OPEC Cuts Oil Demand Outlook
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.
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. China's stimulus plans failed to inspire investor confidence while markets kept watching for potential Israeli attacks on Iranian oil infrastructure.
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.
Marketplace
19h
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 ...
1h
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 ...
1d
Oil Prices Drop as Crude Traders Fret About China
Oil prices were sliding Monday as further signs of stagnant Chinese demand trumped concerns about how the ongoing conflict in the Middle East will affect supply. The Brent international benchmark slid ...
InvestorsHub on MSN
7h
U.S. Index Futures Mixed; Oil Prices Fall as Israel Eases Supply Fears and China Stimulus Uncertainty Grows
U.S. index futures are mixed in Tuesday’s pre-market, following record closes for the S&P 500 and Dow Jones on the previous ...
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