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18 hours ago · Rystad Energy’s analysis suggests China's crude imports and refinery runs will likely rise in the second half of 2024 due to seasonal demand, new capacities and policy support. In the US, it is important to note that the case for a rate cut in September just got a small boost after jobs data was reported slower than expected and the unemployment rate ticked up to 4.1%.
18 hours ago · The EIA in its July Short Term Energy outlook has marginally decreased its forecast for 2024 global oil demand to 102.9m b/d, down from 103.0m bbl forecast in June. Demand for 2025 has been increased to 104.7m b/d. Total world crude and liquid fuels production has been revised down by 200k b/d to 102.4m b/d in 2024, while 2025 production is ...
18 hours ago · As nations battle to decarbonize, geared towards meeting zero emission target, there is growing concern as to what the trajectory for global oil demand is likely to be in the coming months, and possibly years. Latest report from Wood Mackenzie has revealed that demand for oil is due to rise...
2 hours ago · u.s. eia raises forecast for 2024 u.s. oil production by 10,000 bpd, now expects output to grow by 320,000 bpd yr-on-yr to 13.25 mln bpd ...
20 minutes ago · EIA projected power demand will rise to 4,123 billion kilowatt-hours (kWh) in 2024 and 4,198 billion kWh in 2025. That compares with 4,000 billion kWh in 2023 and a record 4,067 billion kWh in 2022.
3 hours ago · The percentile map on the right provides additional information by placing the temperature anomaly observed for a specific place and time period into historical perspective, showing how the most current month, season or year compares with the past.
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5 hours ago · The labour force participation has remained stable, standing at 62.6% in June 2024 – while the employment-to-population ratio was down by less than half a percentage point relative to a year earlier reaching 60.1%. Real GDP is projected to grow by 2.6% in 2024 and 1.8% in 2025.
