Crude oil prices remained steady amid conflicting pressures—rising OPEC+ output and bearish sentiment were offset by Canadian ...

US storage and distribution firm Global Partners (NYSE ... OPEC monthly report was surprisingly backed up by the IEA’s oil demand growth hikes as the international agency lifted both its 2023 ...

Just like last year, the current year is set to set new records in the oil markets. Stan Chart has predicted that global monthly demand will eclipse 104 mb/d for the first time ever in August 2024 ...

Now is a good time to examine the drivers of crude oil markets in six charts. On net ... with a potential spike in global demand. The net effect of all of these factors is: (1) reduced global ...

[Stay on top of transportation news: Get TTNews in your inbox.] Global oil demand growth will slow during the remainder of 2025 after a robust first quarter due to “economic headwinds,” the ...

Global oil demand growth slowed to its weakest in more than a year last quarter as the post-pandemic rebound in China fades, the International Energy Agency said. World consumption increased by ...

"Signs of a slowdown in global oil demand growth may already be emerging," the IEA said, adding that economic headwinds combined with record sales of electric vehicles (EVs) are dampening demand.

5-1 mb/d of Russian oil from the market this year, it may have the effect of exposing the market tightness that is already prevalent as shown in the EIA global supply/demand chart. It will provide ...

Morgan Stanley cuts 2024 global oil demand growth forecast to 1.1 mbpd, citing China's economic slowdown and rising EV adoption. Brent price forecast lowered to $80 per barrel for Q4 2024 ...

World oil demand in 2040 is expected to be on par with the current level as growing oil use in the next few years should be offset by declining consumption through late 2030s, global oil trader ...

LONDON — Global oil demand will rise more slowly for the remainder of 2025 due to economic headwinds combined with record sales of electric vehicles, the International Energy Agency said on ...