Claudio Galimberti of Rystad Energy shares his outlook and discusses the impact a potential second Trump administration will have on oil prices.
Brent crude oil prices shot below US$70 a barrel for the first time since December 2021 this morning. The dip follows a lower demand forecast from OPEC.
Hurricane Francine halts 24% of U.S. oil production, driving short-term price gains amid global demand concerns. What's next for oil and natural gas?
Crude prices bounced on Wednesday as concerns about Tropical Storm Francine disrupting supply of oil outweighed worries about demand.
Crude oil futures slipped roughly 4% in trading Tuesday after OPEC—a dominant coalition of oil-producing nations—cut back on its demand outlook and growth projections for this year and the next.
Crude oil's sharp 16% drop reached new lows today, testing a Fibonacci support zone. Traders now watch for signs of a potential short-term counter-trend rally.
Oil took a hit on Tuesday, with U.S. and global benchmark prices dropping to their lowest levels in more than two and half years as demand worries took center stage, but global supplies may soon take
Concerns about China's economy have dulled the outlook for energy demand — contributing to a drop in U.S. and global oil prices to their lowest levels in over two years on Tuesday, while exacerbatin
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining over 100 points on Tuesday.
Oil markets suffered a strong sell-off amid demand concerns.

OPEC Report Pushes Oil Prices To New Lows

12:16pm, Tuesday, 10'th Sep 2024
OPEC lowered global oil demand growth forecasts for 2024 and 2025.
The crude oil market is in trouble, serious trouble. At this point in time, it is desperately hanging onto the last vestiges of support, trying to bounce.
The oil market faces long-term pressure as global clean energy initiatives continue to escalate.
Brent crude prices fell nearly a percentage point on Tuesday, with futures price currently at US$71.15 a barrel. US crude, meanwhile, fell to a 16-month low of US$68.3 a barrel.
OPEC cut its demand growth forecast for the second time in as many months. Softening demand expectations in China are weighing on the oil market.
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