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Sasol News
Crude Oil Edges Up, in Second Consecutive Attempt to Overcome $70
WTI Crude Faces Selling Pressure, Negative Outlook Maintained
WTI Steadies Near $69.00 Amid Geopolitical Risks, Rise in US Crude Stock
Oil Markets Facing 'Profound Sentiment Challenge,' Eric Nuttall Says
Crude Oil Ticks up as Geopolitical Tensions Trigger Supply Concerns
WTI Crude Bulls Push Higher, But Analysts Warn Of Strong Resistance Ahead
Oil Prices Mixed Following the Latest Developments in the Russia-Ukraine War
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.
Oil Steady After Biggest Gain in Over Five Weeks on Weak Dollar
Sasol Chemicals Launches NACOL 18-98: A Palm-Free, Biobased Ingredient for the Personal Care Industry
Crude Oil Ticks up as Russia-Ukraine Tensions Intensify, yet Bearish Undertone Persists
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
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.
OPEC Trims Oil Demand Projections for Fourth Consecutive Month
US Government Buys Oil for Strategic Reserves yet Again – Commerzbank
Oil Trading Higher Even as OPEC Cuts Demand Forecast
Crude Oil Finds Cushion Even as Traders Expect More Downside Under Trump
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