The Paris-based agency left its 2025 oil demand growth forecast little changed at 990,000 bpd. At the same time, it expects ...
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...
The slowing of oil demand growth in recent years reflects the end of the post-pandemic release of pent-up demand, the IEA ...
The monthly report from the IEA bears no change in the narrative for the 2025 outlook. The US Dollar Index rallies further after President-elect Trump secures a majority in both Senate and House.
GMT - Oil prices edge lower in early European trade, pressured by a stronger U.S. dollar and a gloomy demand outlook. Brent crude and WTI are both down 0.4% at $72.02 and $68.14 a barrel, respectively ...
Norway’s $36bn domestic wealth fund has been opportunistic in buying up shares in John Fredriksen’s Frontline and Andreas ...
The International Energy Agency (IEA) on Thursday raised its projection for 2024 oil demand growth but trimmed its forecast ...
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, ...
Oil edged lower pressured by a gloomy demand outlook and a stronger U.S. dollar which Swissquote Bank said was clearly in overbought market territory.
As long as oil continues to drop, the national average gas price could fall below $3 a gallon before Thanksgiving.
OPEC lowered its forecast for global oil demand growth for 2024 ... Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks ...
The monthly OPEC report was unable to move the needle in a positive sense for Oil.