IEA Trims Oil-Demand Forecast for 3rd Consecutive Month
IEA Trims Oil-Demand Forecast for Third Consecutive Month
The International Energy Agency trimmed its forecast for this year’s oil-demand growth for the third month in a row, as a rapid slowdown in Chinese consumption weighs on the global outlook.
Why OPEC is downgrading its demand forecast for the 3rd time in 3 months
​OPEC is now forecasting that demand for oil will grow more slowly than it had previously expected for the rest of this year and for 2025. It’s the third time in as many months that the Organization of the Petroleum Exporting Countries has downgraded its forecast.
OPEC+ lowers global oil demand forecast for third consecutive month
OPEC+ has once again lowered this year’s forecast for oil demand growth worldwide, causing crude prices to fall by nearly 2%. The oil-producing bloc released a monthly oil market report Monday showing global demand growth dropping for the third consecutive month.
IEA Doubles Down on Its Forecast of Peak Oil and Gas Demand by 2030
The International Energy Agency predicts that demand for oil, natural gas, and coal will peak by the end of the decade, marking a significant shift towards a cleaner energy future.
OPEC trims its China crude demand forecast, but nowhere near enough
OPEC cut its estimate for China's crude oil demand growth in 2024 for a third straight month in October, but the producer group is still massively optimistic given the reality of falling imports.
OPEC Cuts Global Oil Demand Growth Forecasts for Third Consecutive Month
OPEC trimmed its forecasts for oil demand growth this year and next for a third consecutive month as the group belatedly recognizes a slowdown in global fuel use.
Oil slides 2% as OPEC lowers demand forecast, China stimulus lacks clarity
Oil prices fell 2% on Monday after China’s stimulatory plans failed to impress traders and oil alliance OPEC lowered its demand forecast. West Texas Intermediate ( CL=F) and Brent ( BZ=F) each hovered above $73 per barrel. BZ=F) traded above 73 per barrel.
OPEC trims forecast for oil-demand growth in 2024 and 2025
The Organization of the Petroleum Exporting Countries on Monday cut its forecast for growth in oil demand for this year and 2025. In its monthly report, OPEC said it cut its forecast for demand growth in 2024 by 106,
Natural Gas Price Forecast – Natural Gas Continues to See a Lot of Pressure
The natural gas market has been a little negative in the early hours of Friday, as the market will continue to see a lot of questions about the demand for natural gas as we are going to see colder ...
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TSMC posts forecast-beating profit amid soaring demand for AI chips
Taiwan Semiconductor Manufacturing Company has announced a forecast-busting quarterly profit amid surging demand for chips ...
Chip stocks rally as TSMC forecasts strong AI demand for 'many years'
Taiwan Semiconductor Manufacturing Company's blowout third quarter earnings and optimism over AI demand boosted chip stocks ...
TSMC bullish on outlook as AI boom blows Q3 profit past forecasts
TSMC, the world's largest contract chipmaker, bet on sustaining its strong growth, after reporting on Thursday a ...
TSMC third-quarter profit beats expectations as AI boom drives 54% hike
Taiwan Semiconductor Manufacturing Company on Thursday reported a 54% hike in net profit, as global chipmakers continue to ...