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Petroleo Brasileiro SA Petrobras Newsroom
Sector Update: Energy
Goldman Sees Short-Term Support for Oil; Supply, Tariffs May Add Pressure
Petróleo Brasileiro S.A. Corrects Inaccurate Published News Reported Earlier Today, Clarifies 2025-2029 Business Plan With $111B In Investments, Including $77B For Exploration & Production ($7.9B For Exploration), $20B For Refining And...
Express News | Petroleo Brasileiro S.A. Shares Resume Trade
Petroleo Brasileiro Stock Trading Halted, Pending Material News Release
Earlier Reported, Petróleo Brasileiro S.A. Has Signed 2 Agreements With Yara And Araucária Nitrogenados S.A., Towards Structuring A Potential Partnership Within Fertilizers And Industrial Products
Express News | Brazil's Petrobras Says Its Management Proposed To Board A $111B 2025-2029 Strategic Plan; Board To Discuss Strategic Plan Proposed By Management On Nov. 21
Express News | NYSE Halt Petroleo Brasil News Pending Lst $14.285000
Yara, Petrobras Partner on Commercialization of Automotive Liquid Reducing Agent
Oil Stocks Have Been Hot Since Trump's Election. The Good Times Could End Soon. -- Barrons.com
Oil Heads for Weekly Drop as Glut Concerns and Dollar Take Toll
Nymex Overview: Petroleum Futures Back Away From Early EIA-Inspired Gains -- OPIS
IEA warns: the global oil market will face a daily surplus of over one million barrels next year.
The International Energy Agency (IEA) has stated that due to the energy transition, the demand for petrochina in China continues to be weak, leading to a global oil market surplus of over 1 million barrels per day next year, thereby cushioning the impact of turmoil in the Middle East and other regions on oil prices.
IEA: Crude oil demand growth in 2024 may be halved, with a surplus of over one million barrels of crude oil expected every day next year.
In terms of demand, the IEA expects that this year, global oil consumption will increase by 0.92 million barrels per day, which is less than half of the growth rate in 2023. By 2025, demand will grow by 0.99 million barrels per day. However, the IEA predicts that supply growth will continue, with production from countries such as the usa, Brazil, Canada, and Guyana increasing by 1.5 million barrels per day this year and next.
WTI Crude's Bounce Not Enough To Break Bearish Bias, Says RHB
Oil Prices End Higher After Tapping a 2-Week Low
Oil Falls as Demand Concerns Continue to Dominate Market -- Market Talk
Crude Oil Trades Stuck at $68 Level Ahead of API Stockpile Data
Oil Inches Higher But Demand Outlook Weighs on Sentiment -- Market Talk
If OPEC+ cancels the voluntary production cut plan, what will happen? Analysis: Oil prices may be halved next year.
1. The agreement of OPEC+ member countries to reduce daily production of 2.2 million barrels of crude oil has been postponed until the end of December; 2. Market observers state that if the organization does not reach a genuine agreement to control production in the future, oil prices may fall to $30 or $40 per barrel next year; 3. According to forecasts, the organization is more likely to gradually phase out production cuts early next year, rather than immediately withdrawing completely.