Oil futures headed lower on Thursday after the International Energy Agency's monthly report underscored worries that rising global trade tensions could undercut energy demand.
IEA projects global oil supply to exceed demand by 1 million b/d in 2025 due to trade tensions and OPEC+ cuts.
A lower-than-expected increase in US crude oil inventories supported the market, while better-than-expected US consumer price ...
If the market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar ...
Crude oil prices dipped despite a significant U.S. gasoline inventory draw indicating strong demand, as concerns about global ...
Crude oil prices are rallying amid a broader uptick in market sentiment, and OPEC+ is holding steady on its demand forecast, ...
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MT Newswires on MSNOPEC Maintains Oil Demand Growth Outlooks, Flags Rising Tariff UncertaintyThe Organization of the Petroleum Exporting Countries on Wednesday maintained its global oil demand projections for 2025 and 2026, while flagging mounting economic uncertainty amid trade tensions. The ...
Oil futures settled higher Wednesday, finding support from overall weakness in U.S. dollar, as well as data from the Energy Information Administration showing a notable weekly rise in gasoline demand ...
The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday affirmed its growth outlook for oil demand and overall economic expansion over the next two years.
The economy is at risk of recession or stagflation. Read why this could lead to significant impacts for the oil industry.
Rapid change in U.S. trade policies heavily factored into the Energy Information Administration’s March short-term energy ...
EIA projects that global oil inventories will decline in second-quarter 2025, driven partly by reduced crude oil production ...
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