oil demand news - Search News

Oil Slumps

Reuters on MSN · 13h

Oil prices hold at 2-week low on lower oil demand growth forecasts

Oil prices held near a two-week low on Wednesday after dropping about 7% over the prior three days on forecasts for less oil demand growth and reduced concerns that Middle East conflicts will disrupt supply.

The Hill on MSN · 13h

Lower oil and 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 electricity will complicate efforts to reduce greenhouse gas emissions, the International Energy Agency (IEA) said Wednesday in its yearly World Energy Outlook.

Investopedia on MSN · 1d

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 China's slowing economy was behind the decision. The IEA said oil demand will grow “just shy of” 900,000 barrels per day (B/D) in 2024. In September, the IEA had projected average annual gains of 900,000 B/D for 2024.

MT Newswires on MSN · 13h

Clean Energy Push to Bring Peak in Oil Demand by 2030, IEA Says

The momentum in clean energy sources amid growing electricity demand is "strong enough" to bring a peak in demand for fossil fuels, including oil, by the end of the decade, the International Energy Agency said Wednesday.

Oil, Middle East

Reuters on MSN · 1d

Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens

Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after a media report said Israel is willing to not strike Iranian oil targets, easing fears of a supply disruption.

Barron's · 52m

Oil Falling With Middle East, Global Demand Concerns in Focus

Oil prices were edging lower in early trading as markets monitor developments in the Middle East and await further details on China's stimulus plans. Brent crude and WTI were both down 0.3% at $74.03 and $70.

The Wall Street Journal on MSN · 8h

Oil Inches Lower With Middle East, Global Demand Concerns in Focus

Oil prices edge lower in early European trade as markets monitor developments in the Middle East and await further details on China’s stimulus plans. Brent crude and WTI are both down 0.3% at $74.03 and $70.

18hon 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 ...

11h

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.

2don MSN

OPEC Cuts Oil Demand Outlook, Again

Crude oil futures fell 2% Monday after OPEC reduced its oil demand outlook for 2024 and 2025 once again, citing data received ...

2d

Oil falls 2% as OPEC cuts oil demand growth view, China concerns

Oil prices fell 2% on Monday as OPEC again lowered its outlook for 2024 and 2025 global oil demand growth while China's oil ...

Crude Oil Prices9h

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 ...

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 ...

18h

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 ...

The Art Newspaper17h

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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