OPEC cuts oil demand growth forecast

OPEC cuts outlook for oil demand

OPEC cuts outlook for oil demand further as prices fall

The Organization of the Petroleum Exporting Countries on Tuesday lowered its growth forecast for oil demand. The update comes a week after the cartel sought to support prices by delaying planned increases to crude output.

Forbes · 20h

OPEC Drops 2024 Crude Oil Demand Forecast For Second Straight Month

For the second consecutive month, OPEC slightly cut its forecast for 2024 global crude oil demand in its September Oil Market Report published Tuesday.

Business Standard · 20h

Opec again cuts growth forecast of global oil demand in 2024, 2025

The weaker outlook further underscores the challenge faced by Opec+, which comprises the Organization of the Petroleum Exporting Countries and allies such as Russia in balancing the market

NBC Chicago · 22h

U.S. crude oil sheds gains, falls more than 1% to trade below $68 per barrel as OPEC cuts forecast

OPEC now expects demand to grow by about 2 million barrels per day in 2024, some 80,000 bpd slower than its previous forecast.

Reuters · 17h

US EIA lifts oil demand forecast, says prices will recover to above $80/bbl

Global oil demand is set to grow to a bigger record this year while output growth will be smaller than prior forecasts, the U.S. Energy Information Administration (EIA) said on Tuesday.

Business Standard · 18h

Opec vs IEA: Diverging oil demand forecasts signal an uncertain future

The difference between the forecasts of OPEC and IEA, amounting to 0.93 million bpd, underscores the widening divide between these key institutions

List of Banks in Belarus · 14h

OPEC again lowers 2024, 2025 global oil demand growth view

Read how OPEC has revised its outlook for oil demand growth in 2024 and the challenges faced by the producer group in balancing the market.

The Globe and Mail · 22h

OPEC again lowers its 2024, 2025 global oil demand growth forecast

OPEC said in a monthly report that world oil demand will rise by 2.03 million barrels per day in 2024, down from growth of 2.11 million bpd it expected last month

Wall Street Journal · 22h

OPEC Trims Oil Demand Outlook Further Amid Price Slump

OPEC slightly cut its forecast for oil-demand growth after delaying its planned output hikes last week in a bid to support sinking prices.

Benzinga on MSN · 12h

U.S. Crude Oil Futures Drop as OPEC Lowers Demand Forecast

U.S. crude oil futures fell over 1% on Tuesday, giving up gains from the previous session as OPEC lowered its demand forecast for the second time in two months. The oil producers group expects 2024 demand to grow by 2 million barrels per day,

14h

Oil prices fall to lowest mark since 2021

Oil prices fall to lowest mark since 2021 as softening demand expectations by OPEC have weighed on global crude market Read ...

17h

US Oil Demand to Plateau in 2024, EIA Forecasts

US oil demand growth is forecast to plateau this year, in the latest bearish indicator for the market, according to the ...

28m

Brent crude prices hover near 3-year low: 5 reasons why oil's market value is falling globally

From forecast by Opec+ and expectations of softened demand in US, China, and Asia, to progress on the Gaza ceasefire deal, ...

19hon MSN

OPEC again cuts global oil demand growth forecast

OPEC on Tuesday cut its forecast for global oil demand growth for this year, mainly to reflect data received year to date. In its latest monthly oil report, the group cut its demand growth projection ...

5don MSN

Why it’s ‘practically impossible’ for OPEC+ to boost oil output now

Signs of weaker oil demand have pulled prices for the commodity to their lowest levels of the year, complicating plans by ...

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