You Searched For "oil demand" and got 17 results
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2 mins read
Investors shorting oil are walking into a 'bear trap' with energy demand set to surge, Bank of America says
Investors have turned bearish on oil amid fears of oversupply, but if GDP grows in line with estima…
Kelly Cloonan
1 min read
China's EVs are fueling a big oil demand slowdown
China's oil demand growth is down this year, mostly due to the country's massive shift to EVs and …
Kelly Cloonan
2 mins read
'America first means commodities second': Oil and gas prices will tank under a Trump presidency, BofA strategist says
Trump's proposed tariffs will lead to a trade war, dampening energy demand and prices in the proces…
Kelly Cloonan
2 mins read
Russia could merge state-run oil companies to make the world's 2nd largest producer, report says
A deal to combine three of Russia's biggest oil firms would create the biggest producer in the worl…
Kelly Cloonan
1 min read
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 mil…
Jennifer Sor
1 min read
The US is pumping more oil than ever, and it's complicating things for other crude-exporting countries
US crude production notched a new monthly record in August. That's not necessarily welcome news to …
Filip De Mott
1 min read
Why oil prices have plunged 3% today
Saudi Arabia is committed to boosting oil output, abandoning its aim for higher prices, the FT repo…
Filip De Mott
2 mins read
Oil prices could soar 62% by early 2025 if the geopolitical situation deteriorates, Citi strategist says
Citi's bull case for oil hinges on conditions deteriorating sharply in the Middle East as tensions …
Jennifer Sor
2 mins read
Stock market today: Tech rally leads stocks higher as oil prices plunge and earnings kick off
The market rebounded from Monday's losing session as oil prices plunged 4% and tech stocks gained g…
Filip De Mott
2 mins read
Stock market today: Indexes fall, oil surges on Middle East turmoil ahead of jobs report
Indexes fell Thursday on rising risks to oil supplies amid escalating Middle East tensions and as t…
Kelly Cloonan
1 min read
Russia's oil revenue has plunged as global crude prices tumble
Moscow saw oil sales drop to $1.44 billion the last week, the lowest value since January, Bloomberg…
Jennifer Sor
1 min read
Why oil prices have cratered to their lowest level in nearly 3 years
The demand outlook for oil is weakening as recession concerns mount in the US and China's future lo…
Matthew Fox
2 mins read
Exxon says oil and gas will still be the dominant sources of energy by 2050
Exxon says oil and gas use will remain high until the middle of this century, as the world populati…
Kelly Cloonan
2 mins read
Why AI could weigh down oil prices in the next decade, according to Goldman Sachs
The impact to supply due to the use of AI could end up outweighing any rise in demand from AI's pow…
Kelly Cloonan
1 min read
The oil market is at risk of a supply shortage as peak demand is still 10 years away, Goldman Sachs says
Demand for crude is set to climb through 2034, as major oil producers pull back on spending, Goldm…
Jennifer Sor
2 mins read
Warren Buffett's $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low
The $55 to $60 level has acted as a floor for Occidental Petroleum stock since Buffett started buyi…
Matthew Fox
2 mins read
Peak oil demand before 2030 will usher in a major supply glut, the International Energy Agency says
As global demand for oil plateaus this decade, heavy production will create a massive supply glut t…