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Oil Prices Rise Slightly
Oil prices broadly flat after falling on dollar surge
Oil prices dropped slightly early on Thursday on expectations of higher global production amid forecasts for weak demand growth, while a firmer dollar also kept a lid on prices.
Oil Prices Rise Slightly as Markets Worry About Demand
WTI crude futures recover from a sluggish opening and close higher for the second consecutive day. But gains have been small as prices continue under pressure amid faltering global demand. The recent
Oil prices edge up slightly amid OPEC demand cut forecast
Oil prices on the New York fuel exchange are slightly rising, but they remain close to this month's lowest levels. Brokers say investors are focused on the fuel demand outlook after OPEC countries lowered their oil demand growth forecasts for this and next year.
IEA raises 2024 oil demand forecast
Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the Middle East and beyond, the International Energy Agency said.
IEA sees 2025 oil market in supply surplus
The world's demand for oil will fall short of supply by more than 1 million barrels per day (bpd) in 2025 even if OPEC+ cuts remain in place, the International Energy Agency (IEA) said in its monthly oil market report on Thursday.
IEA raises 2024 oil demand forecast, sees surplus looming in 2025
Global oil demand is expected to expand by 920 kb/d this year, the International Energy Agency said on Thursday, while it expects global supply to exceed consumption by more than 1 mb/d next year, primarily due to a slowdown in China's economy.
56m
on MSN
Oil dips on bigger-than-expected US crude stockbuild, oversupply concerns
Oil prices edged lower on Thursday, as rising U.S. crude inventories added to concerns of oversupply, while the dollar's ...
6h
Oil prices end higher after tapping a 2-week low
Oil futures finished higher on Wednesday as traders weighed prospects for energy demand, U.S. production, and oil and gas ...
The Economist
4h
Big oil may be softening its stance on climate-change regulation
To add to climate warriors’ gloom, Shell, a British oil giant, won an important legal victory this week. In 2021 a Dutch ...
2h
Imperial Oil fined for 2021 slop oil spill
The Ontario government fined Imperial Oil C$900,000 ($641,391) for a slop oil leak into a tank containment area at its Sarnia ...
3h
on MSN
Oil prices inch higher but stay on track for a weekly loss
Oil futures edge higher Thursday, consolidating after slumping in the face of a surging U.S. dollar, as investors weighed a ...
CBS News
2d
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 ...
2h
on MSN
Ovintiv to buy oil-rich assets in Canada's Montney shale for $2.38 billion
By Vallari Srivastava (Reuters) -Shale producer Ovintiv said on Thursday it was acquiring oil assets from Paramount Resources ...
2d
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.
20h
Oil prices don't have a 'sustainable path' higher: Analyst
CFRA Research Energy equity analyst and deputy research director Stewart Glickman joins Asking for a Trend to discuss his ...
2d
on MSN
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 ...
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