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ProShares UltraShort Bloomberg Crude Oil ETF Newsroom
AAA Sees Thanksgiving Auto Travelers Enjoying Lowest Pump Prices in Nearly Three Years
usa crude oil market lit up with a red light for the first time in nine months: warning of oversupply sounded!
The global oil market once again sends a warning signal of oversupply, with an important indicator in the usa crude oil market — the prompt price difference falling to a negative value for the first time.
10-Q: Quarterly report
10-Q/A: Quarterly report (Amendment)
10-K/A: Annual report (Amendment)
Goldman Sees Short-Term Support for Oil; Supply, Tariffs May Add Pressure
Five Key Charts to Watch in Global Commodity Markets This Week
Biden Pushes Ahead With Methane Fee Despite Trump's Win, Asks E.U. to Align With U.S.
U.S. Drilling Rig Count Edges Lower in Baker Hughes Survey
Oil Stocks Have Been Hot Since Trump's Election. The Good Times Could End Soon. -- Barrons.com
Commodity Roundup: Gold Faces Big Weekly Fall, UBS Cuts Brent Forecast to $80 in 2025
WTI Holds Steady Near $68.50, Renewed US Dollar Demand Might Cap Its Upside
Oil Heads for Weekly Drop as Glut Concerns and Dollar Take Toll
U.S. Refiner Margins Seen Stabilizing Next Year as Plant Closures Cut Supply - EIA
Exxon Mobil Cuts Almost 400 Jobs in Texas Following Pioneer Buyout
Nymex Overview: Petroleum Futures Back Away From Early EIA-Inspired Gains -- OPIS
Crude Inventory Rose 2.1M Barrels for Week Ended Nov 8 - EIA
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.
Commodity Roundup: Oil Steady, Aluminum Price Forecast Raised to $2,450/tonne at BMI
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.