Analysts Cut Oil Price Forecasts for Fourth Consecutive Month

WTI Crude, the U.S. benchmark, is now projected to average $78.82 per barrel in 2024, down from $79.22 a barrel expected in last month's poll.

Brent Oil Prices Steady Despite OPEC Demand Forecast Cut. Where ...

OPEC cuts demand forecasts for 4th consecutive month as Technicals hint at a bounce in price ... analysts downgrading their forecasts of ...

OPEC Cuts Global Oil Demand Growth Forecasts For a Fourth ...

OPEC cut its oil demand growth forecasts for this year and next for a fourth consecutive month as it belatedly recognized a slowdown in top ...

Oil prices hold near 2-week low after OPEC cuts demand view ...

Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed OPEC's latest ...

OPEC Cuts 2024 Oil Demand Forecast For Fourth Straight Month ...

Since July, OPEC has cut its demand growth forecasts by nearly 20%, mirroring a notable decline in crude oil prices.

Election euphoria ends for oil prices | Oil & Gas Journal

OPEC also cut its demand forecast for the 4th-consecutive month, lowering this year's consumption growth to +1.82 million b/d vs. their prior ...

Crude Oil Analysis: Upside Risks for 2024, Downside Risks for 2025

OPEC reduces 2025 demand forecasts for the fourth consecutive month. · Trump's Agenda: Aims to cut energy prices by 50% in 2025. · IEA Oil Market ...

OPEC Trims Demand Forecast for Fourth Straight Month - WSJ

The Organization of the Petroleum Exporting Countries cut its forecast for oil-demand growth for the fourth consecutive month after further ...

Oil settles slightly higher, investors focus on steep draw in fuel stocks

U.S. gasoline futures settled 0.8% higher, while heating oil futures closed down about 0.3% after briefly spiking on the data. Capping oil-price ...

The Strong Dollar Is Back and Weighing on Oil Prices | OilPrice.com

Crude oil prices fell 2.5% this week due to softening demand projections, a strong U.S. dollar, and rising supply expectations.

Analysts Cut Oil Price Forecasts for Fourth Consecutive Month

Weaker-than-expected Chinese oil demand and high inventories globally have prompted economists and analysts in a Reuters poll to reduce their oil price ...

Demand Concerns Continue to Dominate Oil Markets | OilPrice.com

Demand concerns are dominating oil markets this week, with OPEC cutting its global oil demand growth forecast for the fourth consecutive ...

Crude oil outlook: WTI could be heading sub-$65 - City Index

Highlighting demand concerns, the OPEC has today cut its oil demand growth forecast again. This is the fourth month in a row that it has ...

Crude Oil Week Ahead: 4-year Support, G-20 Meeting, Flash PMIs

OPEC Monthly Report. Highlights For the fourth consecutive month, OPEC has cut its demand growth forecasts, reducing 2024 estimates from 1.93 ...

Analysts Cut Oil Price Forecasts for Fourth Consecutive Month ...

Weaker-than-expected Chinese oil demand and high inventories globally have prompted economists and analysts in a Reuters poll to reduce their oil price ...

Analysts Cut Oil Price Forecasts for Fourth Consecutive Month ...

Analysts reduce price forecast: Reuters poll. · The experts in the monthly Reuters poll now see Brent Crude prices averaging $82.86 per barrel this year. · Oil ...

Short-Term Energy Outlook - EIA

Global oil inventories and prices. We expect that ongoing geopolitical risks and withdrawals from global oil inventories stemming from OPEC+ production cuts ...

Oil Market Report - September 2024 – Analysis - IEA

The recent slowdown in China has seen its oil consumption declining y-o-y for a fourth consecutive month in July, by 280 kb/d. This stands in ...

OilPrice.com - Oil price forecasts for 2024 have been cut... | Facebook

Oil price forecasts for 2024 have been cut for the 4th month in a row. Weak Chinese demand and high global inventories are the main culprits. Brent now...

Oil Forecast and Price Predictions 2024, 2025-2030 - CAPEX.com

However, the easing of these cuts from the fourth quarter means a more comfortable oil market in terms of supply. As a result, ING forecast oil prices to peak ...