OPEC trims its China crude demand forecast
OPEC trims its China crude demand forecast, but nowhere near enough
OPEC cut its estimate for China's crude oil demand growth in 2024 for a third straight month in October, but the producer group is still massively optimistic given the reality of falling imports.
Oil slides 2% as OPEC lowers demand forecast, China stimulus lacks clarity
Oil prices fell 2% on Monday after China’s stimulatory plans failed to impress traders and oil alliance OPEC lowered its demand forecast.  West Texas Intermediate (CL=F) closed at $73.83 per barrel while Brent (BZ=F),
Why OPEC is downgrading its demand forecast for the 3rd time in 3 months
​OPEC is now forecasting that demand for oil will grow more slowly than it had previously expected for the rest of this year and for 2025. It’s the third time in as many months that the Organization of the Petroleum Exporting Countries has downgraded its forecast.
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 imports fell for the fifth straight month.
OPEC lowers oil demand growth forecast for 2024 and 2025; September oil output declines
The Organization of the Petroleum Exporting Countries trimmed its forecast for growth in global oil demand for both 2024 and 2025 on Monday.
Oil prices tumble as OPEC cuts demand outlook
Oil prices (CL=F, BZ=F) fall after OPEC cut its forecast for global oil demand in 2024. Yahoo Finance's Ines Ferré joins Market Domination Hosts Julie Hyman and Josh Lipton to break down the intraday moves in oil prices and how it ties to investor sentiment about China's ongoing stimulus efforts.
OPEC trims forecast for oil-demand growth in 2024 and 2025
The Organization of the Petroleum Exporting Countries on Monday cut its forecast for growth in oil demand for this year and 2025. In its monthly report, OPEC said it cut its forecast for demand growth in 2024 by 106,
IEA Trims Oil-Demand Forecast for Third Consecutive Month
The International Energy Agency trimmed its forecast for this year’s oil-demand growth for the third month in a row, as a rapid slowdown in Chinese consumption weighs on the global outlook.The Paris-based organization forecasts global demand to grow by 862,
China’s rapid electrification is catching out oil producers
Over-estimating China’s appetite for crude has been a factor in oil markets this year, especially by the Organisation of the Petroleum Exporting Countries (Opec), and it’s a theme that looks likely to ...
Oil prices lose 2% after China offers little detail on stimulus plans
Oil futures slumped Monday, poised to give back nearly all of last week’s gains after a weekend announcement by Chinese ...
ThePrint2d
Oil down 2% as China demand concerns erase last week’s gains
Oil prices declined about 2% on Monday, wiping out all of last week's gains, after China oil imports fell for the fifth month ...
Oil prices flat as investors await US inventory data
SINGAPORE: Oil prices traded flat on Thursday as investors eye developments in the Middle East and more details on China's ...
Oil falls over 2% as OPEC cuts oil demand growth view, China concerns
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices declined more than 2% on Monday, wiping out all of last week's gains, as ...
Oil Plunges. Why China Is a Bigger Problem for Prices Than Israel, Iran War.
Crude benchmarks slumped on Tuesday as traders fretted about weak Chinese demand and weighed up a report saying that Israel ...
MT Newswires on MSN11h
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 ...