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Oil heads for weekly loss
Oil prices head for weekly fall on surging U.S. dollar, soft China demand
Oil futures were slightly lower Friday and on track for weekly losses, plagued by a jump in the U.S. dollar and continued worries over demand from China, the world’s largest crude importer.
Oil heads for weekly loss as Chinese demand continues to underperform
Oil prices fell on Friday on signs demand in China, the world's biggest crude importer, continues to underperform amid its uneven economic recovery.
Oil Set for Weekly Loss Amid Demand Worries, Rate-Cut Slowdown Prospects
Oil was more than 1% lower in Europe and headed for a weekly loss on a gloomy demand outlook and expectations of fewer Fed rate cuts.
IEA raises 2024 oil demand forecast
World faces oil surplus in 2025 on weak demand, IEA says
Global oil supply will exceed demand in 2025 even if OPEC+ cuts remain in place, the International Energy Agency (IEA) said on Thursday, as rising production from the United States and other outside producers outpaces sluggish demand.
IEA Lifts 2024 Oil Demand Forecast But Trims 2025 Projections
The International Energy Agency raised its forecast for this year’s oil-demand growth but slightly trimmed next year’s estimates, citing the impact of China’s economic slowdown on consumption.
IEA Raises 2024 Oil Demand Projection, Trims Next Year's
KEY TAKEAWAYS The International Energy Agency (IEA) raised its projection for 2024 oil demand growth but trimmed its forecast for next year, citing China's slowing economy.The IEA said oil demand is forecast to grow by around 920,
23m
on MSN
Gold vs. oil: Which commodity offers better returns?
Both gold and oil can offer solid returns, in different times and ways. Here's what investors should know now.
2h
Oil prices settle higher but stay on track for a weekly loss
Oil futures finished higher for a third consecutive session on Thursday, but prices remained lower for the week on the back ...
1h
Crude oil heads to weekly loss as looming surplus depresses market
Crude oil futures were on pace Friday for loss for the week, as a supply gut and a strong dollar depresses the market. U.S.
4h
What Do Diesel And Gasoline Tell Us About Oil Prices?
Weak oil demand has limited refinery intake of crude oil for processing into refined products. Read more here.
18h
on MSN
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...
19h
on MSN
Big Oil breaks with Trump on potential second withdrawal from Paris Climate Agreement
The CEO of ExxonMobil said President-elect Trump should keep the U.S. in the Paris climate agreement during his second term ...
7h
on MSN
China's oil refinery output falls from a year ago for a seventh month
China's refinery throughput in October fell 4.6% from last year, down from year earlier for a seventh month, as plant ...
15h
Over 1,700 coal, oil and gas lobbyists granted access to Cop29, says report
Fossil fuel-linked lobbyists outnumber delegations of almost every country at climate talks in Baku, analysis finds ...
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