Oil Headed for Weekly Gains as Sanctions Outlook Raises Supply Worries -- Market Talk

WSJDec 13 16:43

Midday Crude Oil Analysis: OPEC+'s production cuts delayed, can the surplus crisis in the oil market in 2025 be avoided?

During the early trading session in Asia, the Intercontinental Exchange (ICE) Brent Crude Oil Product Futures prices remained stable as the market weighs the predictions of a supply surplus in 2025 and reduced refinery running.

Golden10 DataDec 13 13:01

Update: WTI Oil Edges Down as the IEA Sees the Market Over Supplied in 2025

MT NewswiresDec 13 03:37

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

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