A key difference in crude oil demand forecasts between this year and 2024 is that both OPEC and the International Energy ...

Crude oil holds firm above $65.38 pivot. Traders eye demand catalysts vs rising Venezuelan supply. Outlook stays bullish with ...

U.S. crude oil and gasoline inventories fell last week, buoyed by stronger demand and exports, while distillate stockpiles ...

Crude oil climbs past $65 as US inventories fall and trade optimism lifts sentiment. Natural gas finds support near $3.05 but ...

Crude oil futures traded higher on Wednesday morning as the Organization of the Petroleum Exporting Countries (OPEC) ...

West Texas Intermediate crude oil was up 1.8% at $69.82 a barrel in Wednesday afternoon trade, while Brent rose 1.4% to $73.21. On Thursday, certain members of the OPEC and its allies, dubbed as ...

Strong Demand, Supply Cuts Tighten Oil Market. The U.S. EIA forecasts a demand-supply gap of 100,000 bpd in 2023 and 200,000 bpd in 2024. The IEA supports this outlook, stating that the oil market ...

Brent crude oil price remains under pressure as it faces a double whammy of weak demand and high supplies in the coming months. It trades at $64.65, a few points above this month’s low of $58.46.

Oil prices edged higher on Wednesday, buoyed by optimistic global demand forecasts from the U.S. Energy Information Administration (EIA) and OPEC, coupled with data showing a sharper-than-expected ...

OPEC has lifted its crude oil demand forecast for 2023, to 2.4 million barrels per day (bpd), according to the group’s latest Monthly Oil Market Report (MOMR) released on Thursday.

Exxon Forecasts 2050 Oil Demand to Match Today's, 25% Above BP Estimate. By Reuters | Aug. 26, 2024. ... crude oil demand would still be 85 million bpd, the same it was in 2010, it said.

In its closely watched monthly report on Wednesday, the oil-producers group lowered its global gross domestic product forecasts to 2.7% from 3.1% for 2022 and to 2.5% from 3.1% for 2023.