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OPEC sees no peak oil demand long term, secretary general says
Gulf Business· 7 hours agoOPEC+ members are cutting output by a total of 5.86 million bpd, or about 5.7% of global demand
OPEC’s Trillion-Dollar Bet Against U.S. Shale
Oilprice.com via Yahoo Finance· 3 days agoOPEC's strategy to defend market share against US shale oil production has cost them trillions in lost revenue, but they may finally be seeing a light at the end of the tunnel as US production flattens.
Weekly recap: Cooling economy, political turmoil in France, bond rally, and Fed anticipations
The Forex Market· 42 minutes ago...0.1%, the S&P gave up 2 (essentially unchanged), the Nasdaq pushed higher – adding 21 or 0.1%,...
The World Will Be Swimming in Excess Oil by End of This Decade, IEA Says
The Wall Street Journal· 5 days agoNon-OPEC+ countries are still set to lead global supply, the agency said, with production expected...
Morningstar Says Oil Prices Look Weak
Rigzone· 3 days ago“Further, Saudi Arabia just sold $11 billion in stock in state-run Aramco, indicating both its need for cash to fund Vision 2030 efforts and its inability to defend oil prices,” they went on ...
U.S. Crude Production Growth Challenges OPEC+ Control Over Prices
Oilprice.com via Yahoo Finance· 5 days agoOPEC+ extends oil production cuts until the end of 2025, aiming to stabilize crude prices and balance market demands in the face of U.S. crude production growth and weak demand concerns.
IEA's Monthly Oil Market Report: These Are the Key Takeaways
Zacks via Yahoo Finance· 4 days agoDespite IEA's somewhat tepid oil demand view, we believe the space is still a good one for investors...
IEA Sees Major Oil Surplus This Decade
Rigzone· 4 days agoThe International Energy Agency (IEA) has forecast a surplus petroleum production of up to eight million barrels per day (MMbpd) by 2030 as cleaner transport and electricity generation drive ...
We’ll soon live in a world with a ‘staggering’ excess of oil that we can’t fully use, global energy...
Fortune via Yahoo Finance· 4 days agoSupply will outstrip demand, and the spare capacity will be unlike ever "seen before other than at...
New Energy Forecast Points to Cheaper Oil—and Gasoline
Barrons.com· 5 days agoThe IEA says oil demand is likely to top out around 106 million barrels per day by the end of the...