IEA Monthly Report: Even if OPEC+ delays production increases, there will still be an oversupply of oil next year!

The IEA stated that if OPEC+ implements the production recovery plan starting in April, the Global market will face a surplus of 1.4 million barrels per day. The IEA has raised the forecast for global oil demand growth in 2025 by 90,000 barrels to 1.1 million barrels, mainly due to the economic stimulus measures recently announced by China.

wallstreetcnDec 12 20:35

Crude Oil Jumps Back Above $70 as US Inventories Fall to Lowest Level

FXStreetDec 12 20:34

The largest Crude Oil Product supply agreement between India and Russia is coming! It is reported that Reliance will purchase 0.5 million barrels of Russian oil daily.

① The Russian state-owned oil company Rosneft is reportedly set to supply nearly 0.5 million barrels of Crude Oil Product per day to India's Reliance Industries; ② This agreement will last for 10 years, with an annual supply accounting for 0.5% of the Global market, valued at 13 billion dollars based on current oil prices. ③ This will be the largest Energy cooperation agreement in the history of India and Russia.

cls.cnDec 12 17:13

Afternoon Crude Oil Product analysis: USA crude oil inventories have plummeted, can oil prices continue to rise?

The US Energy Information Administration (EIA) reported that for the week ending December 6, US Crude Oil Product inventories decreased by X thousand barrels...

Golden10 DataDec 12 13:07

OPEC has lowered the forecast for this year's global oil demand growth for the fifth consecutive month.

The oil organization (OPEC) released its monthly report, lowering the global oil demand growth forecast for this year for the fifth consecutive month, with the largest downward adjustment among the five revisions.

AASTOCKSDec 12 08:26

Oil Settles Up US$1 As EU Agrees Further Sanctions

Business TodayDec 12 07:54