Asian markets struggle amid economic uncertainty
Asian stock markets struggled to maintain stability on Tuesday as investors awaited key economic data.
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OPEC
Oil down on Monday
Oil prices fell as OPEC+ appeared set to increase output from October, despite growing economic concerns in China.
Asian markets steady as investors brace for key economic data
Asian markets started the week quietly as investors prepared for a data-heavy week.
EIA predicts continued OPEC+ oil production cuts through ’28
The US Energy Information Administration (EIA) has forecast that the Organisation of the Petroleum Exporting…
China’s oil consumption plunges as power demand soars
Slower consumption in China led OPEC to lower global oil demand growth estimates this week.
Global oil demand up in Q2 ’24 – IEA
Global oil demand rose by 870,000 barrels per day (kb/d) in the second quarter of 2024, according to the…
Oil down on Tuesday
Oil prices declined after a five-day rally, with Brent falling below $82 a barrel and West Texas Intermediate (WTI)…
URGENT: OPEC+ lowers ’24 oil demand forecast
OPEC+ has revised its oil demand forecast for 2024, lowering it by 135 thousand barrels per day (tb/d) to 2.1…
Oil steady in early Monday trade
Oil prices remained steady after their first weekly gain since early July, with the market anticipating Iran’s…
Saudi Aramco profit falls 3.4% in Q2 ’24
Saudi Arabia's state oil producer Aramco reported a 3.4 per cent decline in second-quarter net income on Tuesday.
