OPEC, oil demand

OPEC makes fifth and biggest cut to 2024 oil demand growth forecast
OPEC cut its forecasts for oil demand growth this year and next on Wednesday, highlighting weakness in China, India and other regions in the producer group's fifth consecutive downward revision.
Oil Prices Trim Gains as OPEC Again Cuts Oil Demand Growth Outlook
(Reuters) -Oil prices were up about 1% on Wednesday having pared gains after producers group OPEC cut its forecasts for demand growth in 2024 and 2025. OPEC in its monthly reports has lowered its outlook five consecutive times.
Opec cuts 2024 oil demand forecast amid weaker quarterly data
Global oil demand is expected to rise by 1.61 million barrels per day in 2024, a slight downwards revision from last month’s forecast of 1.82 million bpd, according to the latest figures released in Opec’s monthly oil market report on Wednesday.
OPEC Lowers Oil Demand Projections for Fifth Straight Month
The Organization of the Petroleum Exporting Countries on Wednesday cut its 2024 and 2025 global oil demand projections for the fifth consecutive month while raising its US economic growth outlook. The cartel now expects world oil demand to grow by 1.
OPEC makes deepest cut yet to world demand forecast
The Organization of Petroleum Exporting Countries chopped projections for consumption growth in 2024 by 210,000 barrels a day to 1.6 million barrels a day, according to its monthly report. The cartel has slashed projections by 27% since July as it belatedly recognizes the deteriorating market picture.
Brent Crude - Oil Prices Rise Despite Largest OPEC Forecast Cuts Of 2024
Oil prices continued its steady move higher on Wednesday, up around 1.27% at the time of writing. This is a slight surprise given that OPEC downgraded its 2024 and 2025 forecasts.
OPEC Revises Oil Demand Growth Forecast Lower For Fifth Straight Month: Retail’s Pessimistic
The Organization of the Petroleum Exporting Countries trimmed its oil demand growth forecast for the fifth straight month according to its monthly oil market report. OPEC revised its global oil demand growth forecast for 2024 lower by 210,

Oil settles up $1

US weighs new Russia oil sanctions to weaken Putin ahead of Trump, Bloomberg News reports
The U.S. government is weighing new, harsher sanctions against Russia's lucrative oil trade, seeking to tighten the squeeze ...
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Biden’s approval of an oil lease sale will keep the door open to drilling in Alaska’s Arctic refuge
JUNEAU, Alaska (AP) — The Biden administration has approved plans for a sale of oil and gas leases in Alaska that leaves open ...
OPEC cuts forecast of oil-demand growth for 2024, 2025
OPEC on Wednesday lowered its forecast of oil demand growth for this year and next for a fifth straight month. The cut was ...
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Dewey sets sights on oil refinery
Neighbors in Dewey reached out to 2 News Oklahoma's Brodie Myers, with concerns about the project. He visited town to get the ...
3 Top Oil Stocks to Buy Before 2024 Is Over
TotalEnergies is a dominant oil company and simultaneously carving out a future in clean energy. ConocoPhillips recently ...
What the oil and gas industry wants from Trump and how his administration might deliver it
The oil and gas industry has a "to do" list for President-elect Donald Trump. The lobby group American Petroleum Institute ...
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Oil Prices Jump on Geopolitical Uncertainty but Demand Concerns Remain
Oil prices rose slightly on news of the Syrian takeover, but concerns about weak demand and potential oversupply continue to ...
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Oil News: Will OPEC+ Extend Production Cuts to Support Crude Oil Prices?
Oil, Natural Gas, and US Dollar Technical Analysis: Price Movements Amid Global UncertaintyTue, 10 Dec 2024 02:06:07 GMT XRP News Today: XRP Price Hangs on SEC Appeal and Senate Vote; BTC Sees Sub ...
Stock Market News: Nasdaq Tops 20,000 for First Time on Record
The Dow falls, while the S&P 500 and Nasdaq close higher Wednesday after the stock market reacts to the CPI inflation report.
Ukraine strikes Russian port and claims oil depot hit
Ukraine struck a southern Russian port on the Azov Sea with missiles and triggered a fire at an oil depot in the western ...