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OPEC boosts long-term oil demand outlook
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.
OPEC boosts long-term oil demand outlook, driven by developing world growth
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 sees oil demand continuing to rise until 2050 – Commerzbank
OPEC published its long-term outlook for the oil market up to 2050 this week, Commerzbank’s commodity analyst Carsten Fritsch notes.
OPEC Doubles Down on Forecast for Unfettered Oil Demand Growth
OPEC doubled down on forecasts that global oil demand will keep growing to the middle of the century, an outlier view that scientists say would lead to climate catastrophe.
OPEC and IEA Oil Demand Views Are A World Apart
The chasm between the two forecasting bodies has widened so much in the past two years that they now hold contrasting views on medium and long-term global oil demand and how the world should approach the energy transition.
OPEC's Forecast of Peak Oil Demand: A Long Horizon Ahead
For investors, OPEC's long-term view suggests that oil-focused stocks will remain attractive, particularly in the context of rising demand from emerging markets and steady upstream investments. OPEC’s forecast of sustained demand creates a compelling case for those investing in upstream oil projects and energy firms.
Expected growth in the developing world sees OPEC raise oil demand outlook
The oil body said there "has been further recognition that the world can only phase in new energy sources at scale when they are genuinely ready”.
OPEC Bullish On Long-term Oil Demand, Oil Up On Geopolitics | The Gold Record Run | Global News
The Gold Record Run | Global News#oilprices #opec #crudeoil #gold #goldprices #etnow #businessnews #topnews
Peak oil demand not on the horizon, OPEC says in outlook to 2050
Oil futures rose for the first time in three sessions on Tuesday, as stimulus measures unveiled by China's central bank eased at least some concerns about demand that has long weighed on price. "The Chinese government's announcement of its largest stimulus package since the pandemic,
Price of oil is dropping
Why oil prices have plunged 3% today
The kingdom is resigning itself to a period a lower prices, sources told the FT. Oil markets spiraled on the news, falling as much as 4% on Thursday. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview
Oil prices slide 3% on prospect of more OPEC+ oil
Oil prices fell more than 3% on Thursday on a Financial Times report that Saudi Arabia, the world's top crude exporter, will give up its $100 price target in preparation for raising output, along with OPEC members and allies in December.
Price of oil is dropping as Opec members plan to open the taps
The Organisation of the Petroleum Exporting Countries and its allies will go ahead with a planned oil production increase in December but first need to cut output to address overproduction by some members,
57m
Oil Is Down 7% This Year: Is The Recent Slump A Portent Of Things To Come?
Oil slumped again on reports of the Saudis moving to defend their market share. But lower prices may likely persist ...
Upstream
1h
Russia sides with Opec in seeing no peak-oil ahead, but still focuses on gas
Kremlin resolves to display public solidarity with Opec and its leader Saudi Arabia that has largely overlooked ...
1d
OPEC+ set to go ahead with Dec oil output hike, sources say
OPEC+ is set to go ahead with a December oil output increase as its impact will be small should a plan for some members to ...
InvestmentNews
4h
It's been a bad week for oil, deep weekly loss expected
Elsewhere, Hurricane Helene barreled into the western coast of Florida, packing dangerous winds and threatening to unleash ...
20h
Oil falls more than 2% on report Saudi Arabia vows to bring barrels back even if prices fall
Crude dropped more than 2% on reports that Saudi Arabia is ready to let more barrels flow into the market even if prices fall ...
Yahoo
6h
Libya Names Central Banker in Deal That May End Oil Blockade
(Bloomberg) -- Libyan factions agreed to appoint a new central bank governor, paving the way for a resolution to a row that’s ...
2d
U.S. Crude Oil Inventories Slump Much More Than Expected
Crude oil inventories in the U.S. tumbled by much more than expected in the week ended September 20th, according to a report released ...
1d
on MSN
US crude oil stockpiles hit lowest levels since early 2022
Crude oil inventories have hit their lowest levels in 2 1/2 years, new data from the Energy Information Administration show.
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