Tag: Oil Demand
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OPEC Slashes 2024 Oil Demand Growth Forecast Amid Slowing Chinese Demand
OPEC has lowered its 2024 global oil demand growth forecast for the fifth consecutive month, citing weaker-than-expected consumption, particularly in China.
The oil cartel now...
IEA Reduces 2025 Oil Demand Forecast as China’s Economic Slowdown Impacts Consumption
The International Energy Agency (IEA) has adjusted its 2025 global oil demand forecast downward, reflecting the impact of a sluggish Chinese economy on global...
Delta Variant May Stoke Oil Demand And Price Reductions
-Fritz Jerry Tuwohofo-Moses & Elizabeth Sam, IES Analysts
The World Bank (2020) notes that the outbreak of the COVID-19 pandemic and the wide-ranging measures needed...
Oil futures extending gains on demand hopes
Crude oil futures are moving higher Wednesday morning, extending gains from the previous session, amid optimism about increased energy demand, and on the decision...
