Global oil demand will rise less than previously thought this year, led by weakness in China, the International Energy Agency ...
OPEC on Monday (Aug 12) cut its forecast for global oil demand growth in 2024 citing softer expectations for China, a reduction that highlights the dilemma faced by the wider Opec+ group ...
The OPEC+ cartel has responded to weakening demand for oil by delaying restoring production that it had cut previously to ...
Oil prices extended gains on Tuesday as the market eyed U.S. output concerns in the aftermath of Hurricane Francine and ...
Doug McIntyre and David Callaway discuss the global oil surplus driven by a slowdown in major economies like China, the U.S., and Europe. Despite the U.S. producing record levels of oil, demand is ...
Oil futures rise for the third time in four sessions as U.S. offshore production gradually recovers from last week’s Hurricane Francine, with market attention on this week’s Fed meeting.
Oil prices were trading higher on expectations that the Federal Reserve will cut interest rates later this week, despite the latest Chinese data pointing to continued weakness in domestic demand.
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