OPEC has cut its oil demand forecast for the fifth consecutive month, with the largest reduction to date.

OPEC has lowered its forecast for Consumer growth in 2024 by 0.21 million barrels per day to 1.6 million barrels per day. Since July, OPEC has reduced its forecast by 27%. Analysts believe that OPEC's forecast still exceeds the general market expectations and there is a gap with this year's actual Consumer data.

wallstreetcn21:52

OPEC Further Trims Oil-Demand Forecast After Output-Hike Delay

WSJ20:45

Commodity Roundup: UBS Moderately Constructive on Oil, U.S. Natural Gas

Seeking Alpha18:45

Noon Crude Oil Analysis: Brent Crude Oil rises in the Asia early session, can the EIA inventory data provide additional momentum?

The EIA indicates that the Crude Oil Product price for 2025 will be lower than previously predicted, with the benchmark price for USA light sweet low sulfur crude oil expected......

Golden10 Data13:09

Oil Prices Edge Higher With Focus on US Inventories, China Stimulus

Investing10:12

Investors Moving to Natural Gas, Away From Oil as 2025 Energy Stock Play

Seeking Alpha08:05