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At Close: Jun 05, 2026

OPEC trims oil demand for next four years

05:42am, Thursday, 10'th Jul 2025
OPEC cut its global oil demand forecasts for the next four years on Thursday as Chinese growth slows, even as it lifted its longer-term view due to rising oil needs in the developing world and said th
Natural gas stalls near $3.22 amid weak momentum, while oil steadies on firm demand and tariff-driven uncertainty. WTI and Brent hold rising channels.
Helima Croft from RBC Capital Markets discusses 2025 OPEC seminar's shift toward long-term transition goals, with limited focus on current oil market dynamics. While OPEC claims the market can absorb
India's Petroleum Minister tells CNBC that the country helped global oil price stability by purchasing Russian oil. CNBC's Dan Murphy and Sri Jegarajah discuss how far is India prepared to go to secur
India's Minister of Petroleum and Natural Gas, Hardeep Singh Puri, elaborates on the rationale for the country's decision to purchase oil from Russia. He adds that oil prices could have "gone up to $1
Oil prices dropped on Thursday as the latest tariff announcements by U.S. President Donald Trump were perceived by market participants to threaten global economic growth and demand for the resource.
Helima Croft, RBC Capital Markets global head of commodity strategy, joins CNBC's 'Power Lunch' to share takeaways from OPEC's seminar in Vienna, Austria.
Leading ministers from the Organization of Petroleum Exporting Countries or “OPEC” said the world needs more oil to meet its growing energy footprint, at their biennial international seminar in Vi
Oil traders focus on the optimistic demand outlook.
Gasoline inventories declined by 2.7 million barrels from the previous week.
Last week I covered solar energy.  I still say that all energy hands will be needed on deck to support the demands of AI, not to mention the power grid in the US and globally.
The crude oil market continues to see a lot of noisy trading, but overall, we are looking to go higher over the longer term from what I see. Seasonality favors a rising oil price, and therefore I thin
Kuwait Petroleum Corp. Chief Executive Officer Sheikh Nawaf Al-Sabah says the latest oil supply hike from OPEC+ as well as interactions with customers suggest that "demand growth is persistent." Speak
Iranian Oil Minister Mohsen Paknejad stressed the risks that armed escalations pose to crude markets, calling for a "principled stand" against the political use of war. Iran was locked in 12 days of m
Trump's proposed tariffs on copper, semiconductors, and pharmaceuticals escalate trade tensions, with pharma facing up to 200% tariffs after a grace period. Major pharmaceutical firms are expanding U.
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