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Oil prices trim gains
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 Makes Deepest Cut Yet to 2024 World Oil Demand Forecast
OPEC cut oil demand growth forecasts for this year and next for a fifth straight month, making its deepest reduction to the 2024 outlook so far after agreeing to extend its supply curbs.
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.
Oil settles up $1
US Considers New Russia Oil Sanctions to Weaken Putin Ahead of Trump
The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine just weeks before Donald Trump returns to the White House.
Oil settles up $1 as EU agrees further sanctions threatening Russian oil flows
Oil prices settled more than $1 higher on Wednesday after the European Union agreed to an additional round of sanctions threatening Russian oil flows that could tighten global crude supplies. Brent crude futures settled up $1.
EU Targets Russia's Ghost Fleet Shipping Oil in a New Round of Sanctions
European Union envoys have agreed a new raft of sanctions against Russia over its war on Ukraine, targeting in particular a vast shadow fleet of ships that Moscow is exploiting to skirt restrictions on transporting oil and fuel,
23h
on MSN
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 ...
MLive
8h
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 ...
kjrh.com
10h
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 ...
12h
Low global demand creates opportunity for more US sanctions on Russian oil, Yellen says
The United States is continuing to look for creative ways to reduce Russia's oil revenue and lower global demand for oil ...
15h
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 ...
1d
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 ...
Crude Oil Prices
2d
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 ...
2h
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.
1d
What the oil and gas industry wants from Trump and how his administration might deliver it
The lobby group American Petroleum Institute has asked Trump to swiftly authorize liquefied natural gas exports, expand ...
16h
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 ...
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