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Oil Headed for Weekly Gains as Sanctions Outlook Raises Supply Worries -- Market Talk
Oil Prices Steady As Market Balances IEA Surplus Forecast With Rate Cut Optimism
Crude Oil Jumps Back Above $70 as US Inventories Fall to Lowest Level
IEA Monthly Report: Even if OPEC+ delays production increases, there will still be an oversupply of oil next year!
The IEA stated that if OPEC+ implements the production recovery plan starting in April, the Global market will face a surplus of 1.4 million barrels per day. The IEA has raised the forecast for global oil demand growth in 2025 by 90,000 barrels to 1.1 million barrels, mainly due to the economic stimulus measures recently announced by China.
Oil Settles Up US$1 As EU Agrees Further Sanctions
Weekly Crude Inventories Fall More Than Expected; Oil Prices Rise Despite OPEC Cutting Demand Outlook
