Exxon Mobil Cuts Almost 400 Jobs in Texas Following Pioneer Buyout
Crude Inventory Rose 2.1M Barrels for Week Ended Nov 8 - EIA
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
Crude Oil Trades Stuck at $68 Level Ahead of API Stockpile Data
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