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Negotiations to restart the crisis at the Central Bank of Libya, recent warming in oil prices may return to a downward trend.
The competitors of this OPEC country's government have differences regarding the central bank governor issue; the stalemate has led to a significant decrease in crude oil production, triggering a tense mediation.
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OPEC is highly bullish on long-term oil demand, while the IEA sings a different tune.
OPEC is highly bullish on long-term oil demand growth. Not everyone agrees.
OPEC's 2024 global oil outlook: bullish on the oil market prospects, no demand peak in the short term.
①OPEC believes that some countries and companies may resist overly aggressive clean energy goals, in addition, some global auto manufacturers have also adjusted their electrification goals, reducing investment in electric vehicles; ②OPEC expects global oil demand to reach 0.1189 billion barrels per day by 2045.
Peak Oil Demand Isn't on the Horizon, OPEC Says
Escalation in the Middle East Conflict Pushes up Oil Prices – Commerzbank
Global interest rate cuts combined with escalating geopolitical conflicts, oil prices rebounding from a three-year low.
Some analysts believe that as the impact of interest rate cuts wanes, the oil market may refocus on the issue of weak demand, leading to crude oil prices facing downward pressure again.
Crude Oil Prices Jump Following China Stimulus Announcement, Middle East Tensions
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Express News | Shares of Oil Companies Are Trading Higher Amid Anticipation for Potential Conflict Escalations Between Israel-Lebanon and the Broader Region
Oil Edges Up Following U.S. Rate Cut Move, Geopolitical Concerns