OPEC rolls out global oil outlook to 2050, sees no peak demand
OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and cleaner fuels.
OPEC is highly bullish on long-term oil demand growth. Not everyone agrees
The Organization of the Petroleum Exporting Countries, OPEC, published its World Oil Outlook for 2024, with optimistic forecasts for robust oil demand growth. Other players in the market are far less optimistic about demand.
Crude Oil Price Forecast – Crude Oil Continues to See Noisy Trading
The crude oil market continues to see a lot of noisy behavior, as the markets are breaking above a resistance barrier, but at the same time, we are looking at this as a situation where the market starts to become a “buy on the dip” scenario.
Understanding the Dynamics of Oil Futures Trading
If you're trading oil futures, it's important to consider that the U.S. produced more oil in December than any country ever has in a single month, largely due to the ongoing productivity of shale oil.
Oil prices rise more than 2% after China announces stimulus measures
Oil futures rose Tuesday morning, lifted after China announced a range of stimulus measures aimed at boosting the economy of the world's largest crude importer.
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Oil News: Futures Eye Breakout as Chinese Stimulus and Geopolitical Risks Shake Markets
Crude oil futures test major resistance as traders react to Chinese economic measures, Middle East unrest, and potential disruptions from Hurricane Helene.
Natural Gas and Oil Forecast: Hurricane Threats and Technical Patterns to Watch
As hurricanes threaten the U.S. Gulf Coast, natural gas and oil prices may see further upside. Will geopolitical tensions add to supply concerns?
Oil prices rise on concerns of wider Middle East conflict, US storm
Oil prices rose on Tuesday on concerns the intensifying conflict between Israel and Hezbollah may impact supply in the key Middle East producing region and a tropical storm may impact output in the U.S., the world's biggest crude producer, later this week.
Billionaire Dangote on Nigeria's Fuel Subsidy, Oil Prices, Soccer
Nigerian billionaire Aliko Dangote said that ending Nigeria's gasoline subsidy is a “sensitive issue” in the nation that is used to cheap fuel. He also says it seems that the "time has passed" for him to buy the Arsenal soccer club.
OPEC looking forward to working with Brazil, secretary general says
OPEC Secretary General Haitham Al Ghais is looking forward to working with Brazil's Energy Minister Alexandre Silveira in the "coming years," he said during opening remarks at Brazil's ROG.e oil and gas event on Monday.
Crude Oil Price Forecast – Crude Oil Continues to See Overhead Pressure
The crude oil market continues to see a lot of overhang when it comes to pressures and resistance, and as a result, the markets are looking more or less a “buy on the dips situation.”
