Dave Ernsberger from S&P Global Commodity Insights and APPEC Chairperson discusses the impact of China's oil demand on the market.
S&P Global expects the Organization of the Petroleum Exporting Countries and its allies, the group known as OPEC+, to start increasing production for the first time in a couple of years in 2025, an S&

Oil prices rise more than $1 in early trading

09:55pm, Sunday, 08'th Sep 2024
Oil futures rose more than $1 in early trading on Monday as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weaker than expected U.S. job
China's economic slowdown hits crude oil demand, while OPEC+ raises production—will oil prices drop further this week? Full analysis and forecast.
Goldman Sachs adjusted its expectations for OPEC+ oil production saying it now expects three months of production increases starting from December instead of October, the bank said in a note on Friday
Francisco Blanch, BofA Securities head of commodities and derivatives research, joins 'Fast Money' to discuss BoA's cut on Brent crude oil.

Why OPEC's Decisions Impact The U.S.

04:34pm, Friday, 06'th Sep 2024
Earlier this year, OPEC and its partners announced that it would begin to ease production cuts for members in the fall. However, with oil prices in steep decline, the group just announced a pause in t
Chevron (CVX) has announced plans to boost oil (BZ=F, CL=F) and natural gas recovery at two of the energy giant's US Gulf of Mexico facilities. Chevron Vice Chairman Mark Nelson sits down with Brad Sm
Oil traders stay focused on economic data from the U.S. and China.
The oil markets continue to look weak at the moment, as this past week has been dreadful. The market will continue to see a lot of volatility, but it is worth noting that the market is a leading econo
In the early hours of Friday, we saw crude oil try to recover from the relentless selling pressure. At this point in time, we could be looking at a signal that things are about to get worse from an ec
The Brent global benchmark has fallen 7.2% and is on pace for its worst week since October 2023. The U.S. benchmark is down 5.4% for its worst week since early May.
Demand concerns and prospects for a supply surplus in 2025 have weighed on oil prices. We've revised lower our Brent forecast for the rest of the year.
Oil futures were steady early Friday as investors awaited the U.S. August jobs report, but were on track for a large weekly slide on worries over the outlook for demand.
Crude oil steadies after sharp losses. OPEC+ delays output hikes, but demand concerns in the U.S. and China overshadow supply cuts and inventory draws.
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