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OPEC cuts demand forecast
Opec cuts oil demand forecast again for 2024 and 2025
“Similarly, refinery capacity additions and petrochemical margins – mostly in China and the
Middle
East
– are expected to contribute to oil demand growth.” For 2025,
Opec
now projects oil consumption to increase by 1.5 million bpd, down 103,000 bpd ...
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.
With Oil Prices Weak, OPEC Plus Postpones Increases Again
Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.
12d
OPEC+ in a pickle: should the cartel increase oil output?
The Organization of the Petroleum Exporting Countries and allies are in a dilemma with its decision to increase oil output ...
1d
on MSN
Would Donald Trump's Iran Crackdown Benefit Russia? Experts Weigh In
The Wall Street Journal said Trump would "drastically increase" sanctions to "choke off" Iran's oil income, which the U.S.
Middle East Eye
6d
Trump poised to unwind Biden's rewiring of global energy trade
Former Trump official says Ukraine policy would lift Russian energy price cap while Iran sanctions ramp up and US production ...
Transport Topics
10d
Big Oil Chiefs See Middle East, China as Top Concerns
Escalating tensions in the Middle East and U.S. relations with China pose the greatest concerns for Big Oil, according to ...
10d
Most Gulf markets fall as OPEC+ delays oil output hike
Most major stock markets in the Gulf fell in early trade on Monday, following a decision by OPEC+ to delay a planned December ...
Bizcommunity
21d
Middle East crisis: How oil price outcomes will impact wider financial markets
"However,
Opec
has significant spare capacity after ... but we have been modelling a “
Middle
East
war” economic scenario for a year now. It’s a low probability, high-impact scenario.
1d
Crude prices rise as upside momentum may continue on supply risks
Oil prices pared losses from earlier in the session to trade higher on near-term supply risks as market looks to maintain ...
15d
DBO: Oil Geopolitical Premium Is Evaporating, But Probably Not For Long
The Invesco DB Oil Fund ETF offers exposure to WTI oil futures market. Click here to find out the reasons why to pick and why ...
10d
Big Oil Chiefs See Middle East Conflict and China as Top Concerns
Escalating tensions in the Middle East and US relations with China pose the greatest concerns for Big Oil, according to some ...
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