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 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 cut its estimate for China's crude oil demand growth in 2024 for a third straight month in October, but the producer ...
The Organization of the Petroleum Exporting Countries further trimmed its forecast for oil-demand growth, as it prepares to ...
Crude oil futures fell 2% Monday after OPEC reduced its oil demand outlook for 2024 and 2025 once again, citing data received ...
OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also ...
11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient OPEC’s crude oil production ...
June Non-OPEC oil production increased by 106 kb/d to 52,549 kb/d. The largest increases came from Canada and Brazil while ...
Saudi Arabia has signaled that is is ready to flood the market with oil if OPEC doesn't commit to curbing supply. That bodes ...
Iraqi’s semi-autonomous region of Kurdistan has cut its oil production by half upon request from Baghdad, as the ...
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