OPEC further trims global oil demand outlook for 2024 & 2025
OPEC maintained its prediction from September 2024 that the global economy would expand by 2.9% in 2025 and 3.3% in 2024, respectively...
Tag : crude
Oil slumps 17% in Q3 as Middle East conflict offset by slowing demand
The world's second-biggest economy and top oil importer, China, announced fiscal stimulus measures recently, but the impact on oil prices was muted...
Oil price volatility continues amid geopolitical concerns, interest rate worries
A stronger dollar makes oil expensive for buyers with other currencies...
Goldman Sachs lowers Brent crude price projection due to high US production
Goldman Sachs revised its forecast for Brent, which was earlier expected to average USD 92 per barrel to a peak of USD 85 per barrel in June 2024...
China oil prices fall scepticism on OPEC+ cuts
Fears regarding the state of China's economy have also contributed to the bearish sentiment...
IF Insights: Why isn’t the Iraq-Turkey oil pipeline functional yet?
Iraq, the second-largest oil producer in OPEC, exports about 85% of its crude oil through ports in the south...
Will Venezuela become oil biggie? As US lifts sanctions, experts weigh in
The Joe Biden administration removed the majority of the six-month limitations on Venezuela's ability to produce, sell, and export oil to specific markets...
Will Gaza conflict affect oil market adversely? Analysts answer
Oil prices had tumbled around the last week of September 2023, as fears of a weakening global economic outlook spiked concerns of softening demand...
IF Insights: An honest take on the ‘success’ of G7 price cap on Russian energy trade
The price cap, imposed by the 2022 end, was seen as an effort intended to reduce Russia's ability to finance its Ukraine adventure...