Morgan Stanley cuts ’24 oil demand growth forecast to 1.1m bpd
Morgan Stanley has reduced its global oil demand growth forecast for 2024 from 1.2 million barrels per day (mbpd)…
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Oil Market
Oil prices ease on stronger dollar, China demand woes
Oil prices eased on Monday following seven straight weeks of gains buoyed by tightening supply on OPEC+ output…
Coronavirus harms the oil market more than OPEC disputes; expert says
The coronavirus pandemic is harming the oil market way more than the price dispute between OPEC and its allies…
Iran: Saudi Arabia and Russia have taken oil market ‘hostage’
Iran’s OPEC governor on Saturday said that Saudi Arabia and Russia have taken the oil market “hostage” as U.S.…
Iran deal deterioration could have ‘meaningful impact’ on oil market by next…
U.S. President Donald Trump's announcement of a new Iran strategy will not necessarily have an immediate impact on…
China will ‘compel’ Saudi Arabia to trade oil in yuan; and that’s going…
China will "compel" Saudi Arabia to trade oil in yuan and, when this happens, the rest of the oil market will…
OPEC urges US shale oil producers to accept ‘shared responsibility’ of…
OPEC’s General Secretary, Mohammed Barkindo, called Tuesday on U.S. shale oil producers to help support plans to…
Saudi energy minister: Russia helped to breathe new life into OPEC
Saudi Arabia's energy minister said that Moscow has helped to breathe life back into OPEC and that shale can be a…
Oil market re-balancing is underway yet non-OPEC expansion continues: IEA
The oil market is re-balancing as demand continues to grow but more time is needed before these shifting…
Oil market rebalancing to speed up in H2: OPEC’s Barkindo
A rebalancing of the oil market is progressing more slowly than expected, but it will speed up in the second half…
