OPEC's 2024 World Oil Outlook (WOO) presents a compelling case for the continued growth of global oil demand, projecting an increase to over 120MM b/d by 2050.
September 28, 2024
Bank of America analysts suggest that traders shorting crude oil may be miscalculating market dynamics, warning that energy demand could rebound significantly in the near future.
September 28, 2024
The recent increase in oil prices can be largely attributed to ongoing disruptions in Libyan oil production, which have significantly impacted global supply.
September 21, 2024
Analysts have significantly reduced their 2025 oil price forecasts, primarily due to concerns over sluggish demand and rising global supply.
September 21, 2024
The International Energy Agency (IEA) has significantly revised its 2024 global oil demand growth forecast down to 900K b/d, from the previous estimate of 2.1MM b/d.
September 15, 2024
Phillips 66’s CEO, Mark Lashier, has projected a significant global refining capacity shortage that could emerge as early as next year.
September 07, 2024
Morgan Stanley forecasts a substantial oil supply surplus in 2025, projecting that supply will outpace demand by 1.4MM b/d.
September 07, 2024
Despite robust demand data, recent forecasts reveal sharp contradictions in the global oil market.
September 01, 2024
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
