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ProShares UltraShort Bloomberg Crude Oil ETF Newsroom
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.
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
Commodity Roundup: Gold Steadies After Recent Losses, Natural Gas Under Pressure
Oil Inches Higher But Demand Outlook Weighs on Sentiment -- Market Talk