OPEC cuts oil demand growth forecast - Search News

OPEC cuts outlook for oil demand

Benzinga (Video) on MSN · 9h

Oil Prices Drop Over 3% After OPEC Cuts Demand Forecast. Wall Street Revises Price Targets as OPEC Lowers Growth Targets

Oil prices fell over 3% on Tuesday, marking the lowest levels since December 2021. OPEC's monthly report indicates a reduced forecast for oil demand growth in 2024 and a slight decrease for 2025 compared to previous estimates.

Dailymotion on MSN · 9h

Oil Prices Drop Over 3% After OPEC Cuts Demand Forecast. Wall Street Revises Price Targets as...

Oil prices fell over 3% on Tuesday, marking the lowest levels since December 2021. OPEC's monthly report indicates a reduced forecast for oil demand growth in 2024 and a slight decrease for 2025 compared to previous estimates.

GlobalData on MSN · 18h

OPEC cuts oil demand growth projections

The body’s monthly report indicates a 2025 growth at 1.7 million barrels per day (mbbl/d), slightly below this year’s figure.

Seeking Alpha · 1d

OPEC cuts outlook for oil demand further as prices fall

OPEC sees demand as healthy with strong demand for air travel and car transportation, along with industrial, construction and agricultural activities in non-OECD countries.

OPEC cuts forecast for oil demand growth, revises forecast for coming years

OPEC has revised its forecast for global oil demand growth this year, lowering it to approximately two million barrels per day. According to its late

OPEC Drops 2024 Crude Oil Demand Forecast For Second Straight Month

For the second consecutive month, OPEC slightly cut its forecast for 2024 global crude oil demand in its September Oil Market Report published Tuesday.

Investopedia · 1d

Crude Oil Prices Fall to Lowest Level of 2024 as OPEC Cuts Demand Outlook

U.S. and international crude oil futures skidded to their lowest levels in more than a year after the influential oil producing group cut its 2024 outlook, citing weakness in Chinese demand.

Business Standard · 1d

Opec again cuts growth forecast of global oil demand in 2024, 2025

The weaker outlook further underscores the challenge faced by Opec+, which comprises the Organization of the Petroleum Exporting Countries and allies such as Russia in balancing the market

YAHOO!Finance · 18h

Oil Stocks Crash After OPEC Revises Demand Forecast Downward

Among the hardest hit were Diamondback Energy, APA Corporation, and ExxonMobil. with shares of each falling around 4% on Tuesday.

NBC Chicago · 1d

U.S. crude oil sheds gains, falls more than 1% to trade below $68 per barrel as OPEC cuts forecast

OPEC now expects demand to grow by about 2 million barrels per day in 2024, some 80,000 bpd slower than its previous forecast.

Business Standard · 1d

Opec vs IEA: Diverging oil demand forecasts signal an uncertain future

The difference between the forecasts of OPEC and IEA, amounting to 0.93 million bpd, underscores the widening divide between these key institutions

5don MSN

Commodities Roundup: Traders to focus on oil demand, China's trade balance data in coming week

Gold prices (XAUUSD:CUR) held steady on Friday on their way to a small weekly gain, as traders braced for the non-farm ...

6don MSN

Why it’s ‘practically impossible’ for OPEC+ to boost oil output now

Signs of weaker oil demand have pulled prices for the commodity to their lowest levels of the year, complicating plans by ...

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