Crude Oil Prices15h
IEA Warns of Oil Market Surplus Amid Weak Demand in 2025
Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
Oil prices hold near 2-week low after OPEC cuts demand view, dollar rises
Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed ...
Marketplace6h
International Energy Agency predicts an oil surplus next year
A supply glut tends to reduce prices, which could prove challenging for President-elect Trump’s plan to boost U.S. oil ...
China's weak oil demand may lead to global surplus of 1 mn barrels: How would crude prices react?
The surplus could provide a buffer for prices against potential supply-side price shocks from conflicts in West Asia and ...
Demand Is Holding Back Oil Prices
Weak oil demand, not supply, is driving current low oil prices, with global manufacturing and industrial production downturns ...
OPEC Cuts Global Oil Demand Growth Forecasts For a Fourth Consecutive Month
OPEC cut its oil demand growth forecasts for this year and next for a fourth consecutive month as it belatedly recognized a ...
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...
Crude Oil Prices2d
OPEC Slashes Oil Demand Growth Estimate Again
OPEC lowered its global oil demand growth forecast for 2024 and 2025 for the fourth month in a row, citing weaker demand in ...
Oil demand to fall to 80-100 million bpd by 2035, says BP's US chief economist
Global oil demand will fall to around 80 million to 100 million barrels per day by 2035 in a net-zero environment, BP's chief ...