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+ ...
Hosted on MSN1d
Oil prices hold near 2-week low on gloomy demand outlook
(Reuters) - Oil prices held near their lowest in two weeks on Wednesday, a day after OPEC downgraded its forecast for ...
Crude Oil Prices1d
Oil Jumps on Fuel Inventory Draws
Prices, meanwhile, rose on Wednesday but today reversed their gains under the weight of lower demand expectations coupled with ample supply indications. Both OPEC and IEA signaled they expected a ...
Oil prices end higher to pare some of the week's losses
Oil futures settled higher for a third session in a row on Thursday, but that wasn’t enough to shake off their losses for the week so far, with prices for ...
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...
Crude Oil Prices2d
OPEC Oil Production Jumps by 470,000 Bpd as Libyan Output Returns
OPEC's oil production increased in October due to Libya's return to full capacity, offsetting declines from other members.
Oil pares losses on tight supply but cloudy demand caps gains
Oil prices edged up on Wednesday on signs of near-term supply tightness but remained near their lowest in two weeks, a day ...