Global World News Oil Prices Fall As Reality Of Weak Global Demand Overtakes Risk Of Wider War In Middle East
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Global Oil Prices Steady as Weak Demand and Oversupply Pressure Persist
Oil prices remained largely unchanged early Thursday after closing at two-week lows in the previous session, weighed down by sluggish demand and an ongoing global supply glut. Brent crude futures ... Read More
Oil falls as investors weigh potential supply glut, weak demand
Oil prices declined on Thursday as investors considered a potential supply glut, as well as weakened demand in the United States, the world's largest oil consumer. Read More
Concerns of a Global Supply Glut and Weak Energy Demand Hammer Crude Prices
November WTI crude oil (CLX25) on Thursday closed down -1.30 (-2.10%), and November RBOB gasoline (RBX25) closed down -0.0349 (-1.85%). Crude oil and gasoline prices sold off on Thursday, with crude ... Read More
IEA forecasts global oil glut in 2026 on strong production growth, weak demand
(The Center Square) – Surplus supplies of crude oil in global markets will reach about 4 million barrels per day in 2026 as both OPEC+ and other producers increase output while demand growth remains ... Read More
BP Scraps View Oil Demand Could Peak in 2025, Sees Growth Through 2030
4 days Saudi Arabia Poised to Cut Oil Prices for Asia Amid OPEC+ Output Rise 5 days Oil Prices Fall for a Third Straight Month as OPEC+ Considers Boosting Output Global oil demand is set to rise ... Read More
Global Oil Prices Set for Steep Decline
A significant build-up in global oil inventories is projected to trigger a substantial drop in crude oil prices over the coming months. This outlook emerges even as Nigeria's landmark Dangote refinery ... Read More
Crude Oil Prices Fall To Two-Week Low Amid Global Market Turmoil And Rising US Dollar
Oil prices drifted lower on Wednesday, caught in the undertow of a broader global market selloff and a strengthening US dollar. As traders weighed the implications of higher supply and uncertain ... Read More
Oil Prices Fall to Lowest Point in 5 Months
'Mounting concerns of a global supply surplus weighed on the market', said Daniel Takieddine, Co-founder and CEO of Sky Links Capital Group. Oil prices fell to their lowest point in five months on ... Read More
Oil Tankers Jam Seas as Global Glut Builds
China, the world’s largest importer of crude oil, has been stockpiling it at a rate of close to 1 million barrels daily since the start of the year. Vortexa: 1.2 billion barrels of crude oil are ... Read More
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