Oil prices inch higher but stay on track for a weekly loss
Oil futures edged higher for a third consecutive session on Thursday, but prices remained lower for the week on the back of strength in the U.S. dollar and the latest forecast from the International Energy Agency anticipating a glut in crude supplies next year.
Oil slips towards 2-week low on gloomy demand outlook
Oil prices slipped on Wednesday, trading near their lowest in two weeks, a day after OPEC lowered global oil demand growth forecasts for 2024 and 2025 and amid demand concerns in China. OPEC cited weakness in China,
Oil Prices Rise Slightly as Markets Worry About Demand
WTI crude futures recover from a sluggish opening and close higher for the second consecutive day. But gains have been small as prices continue under pressure amid faltering global demand. The recent
Oil prices end higher after tapping a 2-week low
Oil futures finished higher on Wednesday as traders weighed prospects for energy demand, U.S. production, and oil and gas drillers under the incoming administration of President-elect Donald Trump.
Oil prices edge up slightly amid OPEC demand cut forecast
Oil prices on the New York fuel exchange are slightly rising, but they remain close to this month's lowest levels. Brokers say investors are focused on the fuel demand outlook after OPEC countries lowered their oil demand growth forecasts for this and next year.
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, ...
Oil prices broadly flat after falling on dollar surge
Oil prices dropped slightly early on Thursday on expectations of higher global production amid forecasts for weak demand ...
Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, ...
Marketplace1h
International Energy Agency predicts an oil surplus next year
A supply glut tends to reduce prices, which could prove challenging for President-elect Trump’s plan to boost U.S. oil ...
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 ...
CBS News2d
EPA to hit oil and gas companies with "methane fee" for drilling waste — but will it last?
Washington — Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane ...
E.P.A. to Charge Oil Companies First-Ever Methane Fee, but Will It Last?
The Biden administration is imposing a fee on large energy companies that spew excess methane, a potent greenhouse gas.
Reuters15h
IEA sees 2025 oil market in supply surplus
LONDON, Nov 14 (Reuters) - The world's demand for oil will fall short of supply by more than 1 million barrels per day (bpd ...
Two people charged by police after orange paint was thrown at Stonehenge in Just Stop Oil protest
Rajan Naidu, 73, of Gosford Street, Birmingham, and Niamh Lynch, 22, of Norfolk Road, Bedford will appear at Salisbury ...