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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.
7h
The State Of Crude Is Perilous, But I'm Not Worried
The Middle East is alight with conflict and threatens a significant amount of the world's oil production. Read why I am ...
4h
FTSE 100 Live 15 October: BP and Shell under pressure, housebuilders rally on rate cut hopes
The FTSE 100 index is set for a stronger session on the back of the US progress, with futures trading pointing to a rise of ...
devdiscourse
2d
OPEC Revises Global Oil Demand Projections Amidst Economic Challenges
OPEC lowered its global oil demand growth forecast for 2024, citing economic challenges and a shift towards cleaner fuels.
2d
on MSN
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 ...
1d
on MSN
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 ...
InvestorsHub on MSN
1d
U.S. Index Futures Mixed; Oil Prices Fall as Israel Eases Supply Fears and China Stimulus Uncertainty Grows
U.S. index futures are mixed in Tuesday’s pre-market, following record closes for the S&P 500 and Dow Jones on the previous ...
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