Given that oil demand growth next year probably won't be much more than 1 million barrels a day, a full unwinding of OPEC+ ...
On the upside, the 55-day Simple Moving Average (SMA) at $70.05 is the first barrier to consider before the hefty technical level at $73.17, which aligns with the 100-day SMA. The 200-day SMA at ...
Crude Oil has found some support and a floor to bounce off on, just shy of 1% of intraday gains on Tuesday. The Organization of the Petroleum Exporting Countries (OPEC) report released on Tuesday ...
Saudi Arabia's crude oil exports in September rose to their highest level in three months, data from the Joint Organizations ...
Oil rebounded on Wednesday on short-covering after prices fell near a two-week low in the prior session on OPEC's demand ...
Crude oil prices have dropped nearly 9% from an early October high of $80.35 per barrel, with Brent crude struggling ...
Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed ...
Since July, OPEC has cut its demand growth forecasts by nearly 20%, mirroring a notable decline in crude oil prices.
U.S. crude oil prices edged higher Thursday but ended the day below $69 per barrel, driven by expectations of a large global ...
OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday, highlighting ...
The volume of excess crude was about 550,000 bpd in October, according to calculations based on official data, down from ...
Nigeria’s daily crude oil production increased from 1.39 million barrels per day (bpd) to 1.43 million bpd in October 2024.