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Afternoon crude oil analysis: How will the changes in Trump's energy policy affect Brent crude oil prices?
Trump's new energy team is formed, and Brent crude oil responds with a rise... How will future energy policies impact the global market?
Five Key Charts to Watch in Global Commodity Markets This Week
Major victory in the USA oil industry! Trump chooses oil company executive as energy secretary, and plans to use the Energy Commission to drive production.
Trump announced another important personnel appointment.
WTI Holds Steady Near $68.50, Renewed US Dollar Demand Might Cap Its Upside
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