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OPEC switches to call on OPEC+ in global oil demand outlook
Gulf Business· 5 days agoThe market share of OPEC crude has fallen to a multi-decade low of 27 per cent after Angola’s exit...
Oil flirts with breaking below $78 after sluggish demand forecast from IEA
The Forex Market· 20 hours agoOil hangs around $78.00 after both OPEC and IEA released their monthly reports. While OPEC stuck to...
OPEC+ Reopens Debate Over Its Members' Oil Production Capacity
Rigzone· 1 day agoOPEC+ is once again grappling with the thorny question of how much oil its members are actually...
EIA Says OPEC+ Has Largely Adhered to Latest Cuts
Rigzone· 20 hours agoIn its latest short term energy outlook (STEO), the U.S. Energy Information Administration (EIA) highlighted that, based on its estimates, “OPEC+...
Oil ends at 9-week low after OPEC leaves demand forecast unchanged
Market Watch· 2 days agoThe OPEC report “did not bring anything new regarding future expectations for this year and next...
Crude Oil Market Tightness May Fade Into 2025
The Wall Street Journal· 3 days agoBeyond this, supply continues to outpace demand, with the IEA forecasting slow global demand growth this year, China nearing peak transport fuel demand while the U.S. is already past its peak ...
OPEC+ Unlikely To Move On Crude Production Levels With Oil Around $85
Forbes· 6 days agoFollowing a marginal recovery, oil prices are currently lurking around the $85 per barrel mark,...
Oil Rises as Risk-On Mood Vies With Weaker IEA Demand Forecast
Bloomberg via Yahoo Finance· 13 hours ago...Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS...
Oil prices end higher as traders weigh prospects for extension of OPEC+ output cut
Market Watch· 3 days agoIraq’s oil minister on Sunday told the state news agency the country is committed to production cuts...
Standard Chartered Analysts Flag Oil Trader Pessimism
Rigzone· 7 days agoWith an OPEC+ ministerial meeting due in less than four weeks and prices trading well below the...