Hurricane Francine disrupts U.S. oil output, but weak global demand and OPEC's downward revisions keep crude oil prices capped. Bearish outlook ahead.
Global oil demand growth is “slowing sharply” as China's economy cools, pushing prices to a three-year low, the International Energy Agency said. World consumption increased by 800,000 barrels
India wants oil producers group OPEC and its allies to raise oil output as there are countries such as India where fuel demand is rising, the nation's oil secretary Pankaj Jain said on Thursday.
Hurricane Francine tightens U.S. oil supplies, pushing natural gas and oil prices higher. Will demand concerns limit further gains?
Kurt Barrow of S&P Global Commodity Insights discusses the outlook for the oil market in the wake of Hurricane Francine, saying there's "a little bit of choppiness in the water
Oil prices were flat on Thursday as concerns about lower demand erased the gains from the previous session spurred by Hurricane's Francine's impact on output in the U.S., the world's biggest crude pro
Crude oil (CL=F, BZ=F) prices are seeing slight gains around US oversupply concerns and escalating geopolitical conflicts, namely Ukraine's reported drone strikes targeting Russian oil refineries. OPI
Hurricane Francine caused production shut-ins in the U.S. Gulf of Mexico, which was bullish for oil prices.
A storm intensified this week into a hurricane in the Gulf of Mexico, a major source of U.S. oil and gas production and refining activity, but prices for crude and refined products haven't seen much o

Crude Inventories Increase By 0.8 Million Barrels

10:49am, Wednesday, 11'th Sep 2024
Gasoline inventories increased by 2.3 million barrels, exceeding analyst expectations.
The oil markets continue to see a lot of noisy behavior, as traders are reacting to a lower than expected US crude oil inventory number, Chinese demand dropping a bit, and of course the idea of a wide
Stephen Schork, principal at The Schork Group, discusses the differences between oil's physical and trading markets as he expects prices to rise at the end of the fourth quarter. Sign up for the Energ
Oil prices are rebounding after closing at the lowest level since December 2021. watch now VIDEO 3:10 03:10 Don't see oil at $60/bbl 'in a consistent manner' for the next 3 months: Rystad Squawk Box A
Crude oil prices jump 2.5% as U.S. inventories drop by 2.79M barrels, and Hurricane Francine threatens Gulf supply, driving short sellers to cover positions.

Oil Price to Average $60 in 2025, Citigroup Says

05:32am, Wednesday, 11'th Sep 2024
Max Layton, Citigroup's global head of commodities research, expects the price of oil to average $60 next year as demand growth continues to slow. "The market's become, I would say, consensus bearish
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