oil demand news - Search News

Oil heads for weekly loss

Reuters on MSN · 3h

Oil set for weekly loss on uncertainty around Fed rate cuts, China demand fears

Oil prices fell on Friday as investors weighed signs demand in top crude importer China continues to underperform amid the country's uneven economic recovery and expectations of fewer Federal Reserve rate cuts.

Oil Set for Weekly Loss Amid Demand Worries, Rate-Cut Slowdown Prospects

Oil futures are headed for weekly losses as a gloomy demand outlook and expectations of fewer rate cuts in the U.S. drive bearish sentiment. In early European trade, Brent crude and WTI both fall 1.2% to $71.

MarketWatch · 15h

Oil prices end higher to pare some of the week's losses

Oil futures settled higher for a third session in a row on Thursday, but that wasn’t enough to shake off their losses for the week so far, with prices for

IEA raises 2024 oil demand forecast

Seeking Alpha on MSN · 23h

IEA raises 2024 oil demand forecast, sees surplus looming in 2025

Global oil demand is expected to expand by 920 kb/d this year, the International Energy Agency said on Thursday, while it expects global supply to exceed consumption by more than 1 mb/d next year, primarily due to a slowdown in China's economy.

Investopedia on MSN · 1d

IEA Raises 2024 Oil Demand Projection, Trims Next Year's

The International Energy Agency (IEA) on Thursday raised its projection for 2024 oil demand growth but trimmed its forecast for next year, citing China's slowing economy.

OPEC again cuts 2024, 2025 oil demand growth forecasts

OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday, highlighting China, India and other regions, marking the producer group's fourth consecutive downward revision.

18m

Crude prices expected to stay weak around $75/bbl until Feb 2025 amid low demand, higher supply

Experts believe prices would remain bearish in the short term and might further collapse as the oil market witnesses rising ...

Crude Oil Prices22h

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.

3d

Demand Is Holding Back Oil Prices

Weak oil demand, not supply, is driving current low oil prices, with global manufacturing and industrial production downturns ...

22h

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 ...

15hon MSN

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, ...

1don MSN

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 ...

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