OPEC Cuts Global Oil Demand Growth Forecasts For a Fourth Consecutive Month
OPEC cut its oil demand growth forecasts for this year and next for a fourth consecutive month as it belatedly recognized a slowdown in top consumer China.
OPEC again cuts 2024, 2025 oil demand growth forecasts
OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday, highlighting China, India and other regions, marking the producer group's fourth consecutive downward revision.
Oil prices post first gain in 3 sessions, but demand concerns prevail
Oil futures rose Tuesday, bouncing after back-to-back losses that sent the U.S. benchmark back below the $70-a-barrel threshold.
Brent Oil Prices Steady Despite OPEC Demand Forecast Cut, Where To Next?
Technical analysis suggests that oil prices are eyeing a bounce but could face resistance around $74.00 and $76.35. Click to read.
Oil Edges Lower, Likely Weighed by OPEC’s Demand Forecast Trim
Oil prices were mixed in early Asian trade. Market sentiment was likely weighed after OPEC cut its demand forecasts, Westpac said.
Oil prices hold near 2-week low after OPEC cuts demand view, dollar rises
Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed OPEC's latest downward revision for demand growth, a stronger U.S. dollar and disappointment over China's latest stimulus plan.
Reuters on MSN2h
Oil trims losses on tight near-term supply
Brent, WTI up about 0.2% Tightness in physical market offsets demand outlook - ANZ To come: API weekly U.S. stockpile report ...
Trump said he'll unleash an oil boom. ExxonMobil CEO says not so fast.
ExxonMobil CEO Darren Woods said there isn't much opportunity for the oil industry to increase production in the short term.
CBS News17h
EPA to hit oil and gas companies with "methane fee" for drilling waste — but will it last?
Washington — Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane ...
E.P.A. to Charge Oil Companies First-Ever Methane Fee, but Will It Last?
The Biden administration is imposing a fee on large energy companies that spew excess methane, a potent greenhouse gas.
Biden EPA to charge first-ever ‘methane fee’ for emissions waste by oil and gas companies
Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain ...
Seeking Alpha on MSN4h
Oil industry urges Trump to dump Biden energy and climate policies
Crude oil futures ticked higher Tuesday but recouped only a small sliver of back-to-back losses that totaled ~5% driven by worries about the prospects for demand, a stronger U.S. dollar, and ...
'Dying of thirst' as climate-driven floods mix with oil
Large swathes of the state have been under water for several years after unprecedented flooding, which scientists say has ...