Opec has cut its oil demand forecast for the last three months in a row. This is becoming a ritual. Not even the most ...
Saudi Aramco CEO Amin Nasser expresses optimism about China's oil demand and warns against underestimating future global oil ...
As U.S. crude oil and gas production nears a potential peak, the outcome of the 2024 presidential election could decide the ...
Fuel prices, which had soared after Russia’s invasion of Ukraine, have dropped to their lowest level since February.
One of the most significant drivers behind the drop in oil prices was renewed concern over China’s slowing economy. China, as the world’s largest importer of crude oil, plays a pivotal role in shaping ...
Global oil demand growth will continue to weaken due to China’s economic slowdown and the rapid uptake of electric vehicles, ...
WTI futures traded around $69.97 per barrel, as of 9 a.m. ET. That’s an increase of 0.27% in the last 24 hours.
Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after a media report ...
Iran no longer has the ability to hold the global oil markets at risk. U.S. production and Iran's declined output are ...
OPEC trimmed its forecasts for oil demand growth this year and next for a third consecutive month as the group belatedly ...
An increasing shift toward electric vehicles globally, especially in China, is poised to disrupt the global oil market, ...
Goldman Sachs expects oil prices to average $76 a barrel in 2025 based on a moderate crude surplus and spare capacity among ...