Recent shifts in oil price forecasts reflect a complex interplay of geopolitical tensions, economic uncertainties, and fluctuating supply and demand dynamics.
August 31, 2024
A recent report by BofA Global Research highlights a potentially soft oil market due to increased non-OPEC+ production and decelerating demand growth.
August 24, 2024
Global oil demand is facing a bearish outlook due to several converging factors affecting key markets.
August 18, 2024
The US investment bank forecasts a $75/bbl floor for Brent crude prices, predicting that this threshold will hold despite recent economic uncertainties, including recession fears in the US.
August 10, 2024
The question of whether global oil demand will ever peak remains a contentious issue in the energy sector. Organizations such as OPEC and the IEA have been debating this for years, each presenting differing views on future fossil fuel consumption.
July 28, 2024
SLB and Halliburton are optimistic about the global E&P sector despite challenges in North America.
July 21, 2024
JP Morgan projects WTI crude prices could surge to $100/bbl due to diminished incentives for production growth.
July 20, 2024
bp's latest Energy Outlook predicts a significant shift in the global energy landscape, forecasting that global oil demand will reach its peak in 2025 at approximately 102MM b/d.
July 14, 2024
OPEC remains steadfast in its projections for robust global oil demand growth through 2024 and 2025, citing resilient economic conditions and a rebound in summer air travel.
July 13, 2024
Oil industry executives, surveyed by the Dallas Fed, foresee varying future prices for West Texas Intermediate (WTI).
July 13, 2024
