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Oil prices bounce
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.
Oil prices bounce after back-to-back declines; OPEC sees lower demand growth
Oil futures rose Tuesday, bouncing after back-to-back losses that sent the U.S. benchmark back below the $70-a-barrel threshold.
Oil Edges Higher; Demand Forecasts in Focus
Oil prices were up in early Asian trade. Concerns such as China’s weak demand for oil have weighed on prices recently.
Opec cuts oil demand forecast again for 2024 and 2025
Opec has revised down its forecast for oil demand growth this year based on data from China, India and other regions, while also lowering its estimate for 2025, marking the producer group’s fourth consecutive downwards adjustment.
Oil, China
Oil slips on China stimulus concerns, oversupply outlook
Oil prices eased on Tuesday as investor disappointment over China's latest stimulus plan and oversupply concerns weighed on the market, along with a stronger dollar. Brent crude futures fell 17 cents,
U.S. oil benchmark settles below $70 a barrel on China stimulus disappointment
Oil futures settled at their lowest in nearly two weeks Monday following disappointing economic data from China, the world’s largest crude importer, and expectations for higher U.S. production once President-elect Donald Trump takes office.
Oil Pressured by Fading U.S. Supply Threats, Chinese Stimulus Disappointment
Oil edged higher but prices remained under pressure as supply risks due to Hurricane Rafael eased and markets were left disappointed by China’s debt package.
2h
OPEC says Russian oil output broadly stable in October
Russia's crude oil output edged up in October by 9,000 barrels per day (bpd) to about 9.01 million bpd, the Organization of ...
2h
on MSN
Biden EPA to charge first-ever ‘methane fee’ for drilling waste by oil and gas companies
Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain ...
Hosted on MSN
5h
Oil giant Shell wins appeal against landmark Dutch climate ruling to slash emissions
A Dutch court on Tuesday dismissed a landmark climate ruling against Shell, after the
oil
giant was ordered to drastically ...
3h
on MSN
Oil companies face a new fine for methane. Trump could scrap it.
The Environmental Protection Agency finalized the fee on methane during the U.N. Climate Change Conference in Baku, ...
Bloomberg L.P.
1h
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 ...
14h
on MSN
Legal challenge to oil and gas fields begins
A legal challenge over the decision to give consent to the UK’s largest untapped oil field is set to begin. A judicial review ...
1h
Opec cuts forecast for 2024 oil demand growth, lowers projection for 2025
The Organization of the Petroleum Exporting Countries in a monthly report said world oil demand will rise by 1.82 million ...
1h
on MSN
COP29: Host nation Azerbaijan hits out at West in defence of oil and gas industry
BAKU, Azerbaijan: Azerbaijani President Ilham Aliyev used a keynote speech at the COP29 climate summit to lash out at Western ...
3h
on MSN
Main road closed due to crash and oil spill
The A27 is closed westbound near Brighton following a crash and an oil spill. The road is closed at Falmer between the A277 ...
3d
Citi predicts pressure on oil prices in 2025 under second Trump presidency
Crude oil futures slump on concerns about Chinese demand and limited impact from Hurricane Rafael; Biden administration buys ...
7h
on MSN
Indian Oil says fire at refinery fully extinguished, death toll climbs to two
Indian Oil Corp said on Tuesday a fire at its Gujarat refinery had been fully extinguished and refinery operations were back ...
1d
on MSN
'Dying of thirst' as climate-driven floods mix with oil
Large swathes of the state have been under water for several years after unprecedented flooding, which scientists say has ...
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