World oil demand is forecast to grow by 1.1 million barrels per day this year, down 140,000 bpd from last month's projection.
Oil prices were rising, buoyed by shrinking stockpiles and a wider risk-on mood. Brent crude was up 0.4% at $83.06 a barrel, while WTI rose 0.3% to $78.86 a barrel. The market is bullish after ...
Commodity analysts at Standard Chartered have revealed that hedge ratios for 2024 U.S. oil and gas output remain well below long-term averages ...
Oil prices have pulled back sharply to a three-month low as a combination of demand concerns and easing geopolitical premium ...
WTI crude prices decline as OPEC keeps its demand forecast unchanged, while analysts and traders surveyed by Dow Jones Newswires forecast an 1.1 million barrels reduction in U.S. oil inventories.
Crude oil prices are edging higher on Wednesday, buoyed by the anticipation of rising demand tied to a weakening U.S. dollar and a decrease in U.S. crude and gasoline inventories. This development ...
Over the past month, oil has gone from a clear sell to what is now approaching an attractive buying opportunity for energy ...
Oil prices are climbing once again as geopolitical risks rise, inventories fall, and the global demand outlook improves.
RWE , Germany's largest electricity producer, on Wednesday said its first-quarter core profit fell by more than a quarter, ...