Global oil demand to grow by 1.9 million bpd in 2024


LONDON (Reuters) -Global oil demand will grow by 1.9 million barrels per day (bpd) this year, according to a prediction by energy research company Wood Mackenzie, a forecast close to the Organisation of the Petroleum Exporting Countries’…

Oil slips as higher OPEC supply, Saudi price cuts offset Mideast worries


SINGAPORE (Reuters) – Oil prices dipped in early trade on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting worries about escalating geopolitical tensions in the Middle East. Brent…

Oil set to snap two-week losing streak on tightening supplies

Reuters 09/01/2023

SINGAPORE  – Oil prices were set to snap a two-week losing streak as they rose for a fourth consecutive session on Friday due to tightening supplies and expectations of the OPEC+ group of oil producers extending output…

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