Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say
Given that oil demand growth next year probably won't be much more than 1 million barrels a day, a full unwinding of OPEC+ ...
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's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...
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 ...
POLITICO on MSN7d
Will Trump’s win be a pyrrhic victory for the oil industry?
Sagging crude oil prices will have a bigger impact on industry behavior than federal policy, and rising trade tensions could ...
Oil Prices Steady Ahead of OPEC Report, China Stimulus Limit Gains
Both contracts had fallen by more than 5% over the previous two trading sessions. China on Friday unveiled a 10 trillion yuan ...
The Associated Press - Business News on MSN11d
OPEC extends its oil output cuts by one month until the end of December
No reason was given for the move, which comes ahead of the U.S. presidential election on Tuesday. In June, OPEC said 2.2 ...
Marketplace11d
OPEC postpones plans to increase production — again
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Newsday11d
OPEC extends its oil output cuts by one month until the end of December
In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.