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OPEC Cuts Oil Demand Outlook
OPEC cuts 2024, 2025 global oil demand growth view again
OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the producer group's third consecutive downward revision.
OPEC Further Trims Oil-Demand Outlook
The Organization of the Petroleum Exporting Countries further trimmed its forecast for oil-demand growth, as it prepares to bring some barrels back into the market despite weaker global prices.
Crude oil prices fall nearly 2% after OPEC cuts demand forecast again
OPEC has cut its demand forecast for 2024 and 2025. The market, meanwhile, continues to monitor the Middle East in anticipation of a retaliatory strike by Israel against Iran. Crude oil futures fell nearly 2% on Monday after OPEC cut its demand forecast for 2024 for the third time in a row.
5h
Oil could fall to $25 per barrel by 2050 if net zero emissions goals met, IEA says
The IEA sees cheaper energy prices in the future as oil gets displaced by EVs and renewables meet growing electricity demand.
Crude Oil Prices
3h
This Is About As Bearish As Oil Has Been Since the 2008 Financial Crisis
Analysts from Standard Chartered note discrepancies between supply estimates from IEA, OPEC, and the U.S. Energy Information ...
12h
on MSN
Oil prices down for 4th straight session as traders weigh supply and demand
Crude futures inched lower on Wednesday, on track to tally a fourth straight session decline, as traders focus on an ...
1d
on MSN
Oil Slumps as IEA Trims Demand Forecast
Crude oil prices slumped Tuesday as the International Energy Agency (IEA) cut its projection for oil demand growth, noting ...
9h
on MSN
Lower oil, natural gas prices, higher electricity demand expected over next five years: IEA
Natural gas and oil prices are likely to decline in the second half of the decade, but unexpectedly high worldwide demand for ...
1d
Oil Futures Hammered By 5% Declines Following Bearish Triple Whammy
Global oil futures suffered heavy declines on Tuesday following a series of bearish market developments and a renewed focus ...
13h
Why Oil Traders Have Become So Pessimistic About 2025
Even as oil prices swirl amid the turmoil gripping the Middle East, many traders have remained resolutely pessimistic about ...
Crude Oil Prices
17h
IEA Doubles Down on Its Forecast of Peak Oil and Gas Demand by 2030
The International Energy Agency predicts that demand for oil, natural gas, and coal will peak by the end of the decade, marking a significant shift towards a cleaner energy future.
The Art Newspaper
11h
An open letter from Just Stop Oil and Youth Demand: 'we need institutions to confront their responsibilities'
Responding to a recent letter from the National Museum Directors' Council, the campaign groups have proposed a meeting in ...
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China
OPEC
Iran
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