Oil prices end higher after tapping a 2-week low
Oil futures finished higher on Wednesday as traders weighed prospects for energy demand, U.S. production, and oil and gas drillers under the incoming administration of President-elect Donald Trump.
Oil slips towards 2-week low on gloomy demand outlook
Oil prices slipped on Wednesday, trading near their lowest in two weeks, a day after OPEC lowered global oil demand growth forecasts for 2024 and 2025 and amid demand concerns in China. OPEC cited weakness in China,
Oil Prices Rise Slightly as Markets Worry About Demand
WTI crude futures recover from a sluggish opening and close higher for the second consecutive day. But gains have been small as prices continue under pressure amid faltering global demand. The recent
Oil prices edge up slightly amid OPEC demand cut forecast
Oil prices on the New York fuel exchange are slightly rising, but they remain close to this month's lowest levels. Brokers say investors are focused on the fuel demand outlook after OPEC countries lowered their oil demand growth forecasts for this and next year.
Oil prices hold near 2-week low on gloomy demand outlook
Oil prices were little changed, trading near their lowest in two weeks on Wednesday, a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025 and amid demand concerns in China.
Oil prices hold near 2-week low after OPEC cuts demand view, dollar rises
Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed OPEC's latest downward revision for demand growth, a stronger US dollar and disappointment over China's latest stimulus plan.
Oil prices broadly flat after falling on dollar surge
Oil prices dropped slightly early on Thursday on expectations of higher global production amid forecasts for weak demand ...
Oil prices consolidate after sinking on surging dollar; IEA sees 2025 crude glut
Oil futures edge higher Thursday, consolidating after slumping in the face of a surging U.S. dollar, as investors weighed a ...
Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, ...
Oil prices edge down, forecasts for higher oil output, weak demand growth weigh
Oil prices dropped slightly early on Thursday on expectations of higher global production amid forecasts for weak demand ...
Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say
Given that oil demand growth next year probably won't be much more than 1 million barrels a day, a full unwinding of OPEC+ ...
E.P.A. to Charge Oil Companies First-Ever Methane Fee, but Will It Last?
The Biden administration is imposing a fee on large energy companies that spew excess methane, a potent greenhouse gas.
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IEA sees 2025 oil market in supply surplus
LONDON, Nov 14 (Reuters) - The world's demand for oil will fall short of supply by more than 1 million barrels per day (bpd ...
IEA Lifts 2024 Oil Demand Forecast But Trims 2025 Projections
The International Energy Agency raised its forecast for this year’s oil-demand growth but slightly trimmed next year’s ...
Biden admin touts job well done replenishing oil reserves despite depleting them by half over last 4 years
The Energy Department announced the end of replenishing the nation's strategic oil reserves, which were depleted by nearly ...
Biden EPA to charge first-ever ‘methane fee’ for emissions 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 ...
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Understanding the Correlation Between Oil and Currency
She is the CEO of Xaris Financial Enterprises and a course facilitator for Cornell University. There is a hidden string that ...