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1. • • World oil production is projected to fall by 870 kb/d in 1Q24 vs 4Q23 due to heavy weather-related shut-ins and new curbs from the OPEC+ bloc. From the second quarter, non-OPEC+ is set to dominate gains after some OPEC+ members announced they would extend extra voluntary cuts to support market stability.
     www.iea.org/reports/oil-market-report-march-2024

     Oil Market Report - March 2024 – Analysis - IEA

2. People also ask

   Why are oil prices rising?

   • Oil prices have climbed in recent weeks, spurred by concerns over supplies and geopolitical risks, including wars in Ukraine and the Middle East. Analysts say the momentum could carry prices higher. The price of a barrel of Brent crude oil, the international benchmark, has risen more than 20 percent since mid-December.

   Why Oil Prices Have Been Rising Recently | The New York Times

   www.nytimes.com/2024/04/09/business/oil-price-rise.html

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   Why are oil prices up 16% this year?

   • LONDON, April 18 (Reuters) - Oil prices are up around 16% so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between Ukraine and Russia. Investors are paying attention.

   What the fresh march higher in oil means for world markets

   www.reuters.com/markets/commodities/what-fresh-march-higher-oil-means-world-markets-2024-04-17/

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   Why did oil prices rise in March 2024?

   • Our dashboard explores key short-term signposts impacting oil demand, supply, and prices. April 24, 2024 Brent crude oil prices rose in March, increasing by USD1.9/bbl m-o-m to USD85.4/bbl. Prices rose due to tighter oil supplies on account of OPEC+ cuts, resilient economic growth, and continued geopolitical uncertainty: Global oil demand.

   Snapshot of global oil supply and demand: March 2024 | McKinsey & C…

   www.mckinsey.com/industries/oil-and-gas/our-insights/oil-and-gas-blog/snapshot-of-global-oil-supply-and-demand

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   Can economies survive if oil prices break higher?

   • Zurich Insurance Group chief markets strategist Guy Miller said economies can survive, and producers are reasonably happy, when oil is around $75-$95 a barrel. "But were we to see this to break higher then, yes, that would be a concern both from a growth and inflation perspective," he said. Energy stocks are a clear winner from higher oil prices.

   What the fresh march higher in oil means for world markets

   www.reuters.com/markets/commodities/what-fresh-march-higher-oil-means-world-markets-2024-04-17/

   See all results for this question

3. www.iea.org › reports › oil-market-report-september-2024Oil Market Report - September 2024 – Analysis - IEA

   www.iea.org › reports › oil-market-report-september-2024

   • Cached

   Sep 12, 2024 · The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Published September 2024.

4. www.reuters.com › business › energyOil settles higher but falls on the week on firmer supply ...

   www.reuters.com › business › energy

   2 days ago · Oil prices settled higher on Friday but fell on the week as investors weighed expectations for higher global supply against fresh stimulus from top crude importer China.

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6. www.cnbc.com › oilCrude Oil Prices Today and Oil Market News - CNBC

   www.cnbc.com › oil

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   Follow today's crude oil price moves and key news stories driving oil price actions, as well as developments in the broader energy sector.

7. www.cbc.ca › news › canadaCanada could lead the world in oil production growth in 2024

   www.cbc.ca › news › canada

   • Cached

   Oct 12, 2023 · In 2024, Canada could be the largest source of growth in global crude oil production. The country's expected jump in oil output of about 500,000 bpd is higher than the 400,000 bpd projected...

8. www.reuters.com › markets › commoditiesWhat the fresh march higher in oil means for world markets

   www.reuters.com › markets › commodities

   Apr 18, 2024 · LONDON, April 18 (Reuters) - Oil prices are up around 16% so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy...

9. www.nytimes.com › 2024/04/09 › businessWhy Oil Prices Have Been Rising Recently - The New York Times

   www.nytimes.com › 2024/04/09 › business

   Apr 9, 2024 · Oil prices have climbed in recent weeks, spurred by concerns over supplies and geopolitical risks, including wars in Ukraine and the Middle East. Analysts say the momentum could carry prices...

10. www.mckinsey.com › industries › oil-and-gasSnapshot of global oil supply and demand: March 2024

    www.mckinsey.com › industries › oil-and-gas

    • Cached

    Apr 24, 2024 · Nishant Nair. April 24, 2024 Brent crude oil prices rose in March, increasing by USD1.9/bbl m-o-m to USD85.4/bbl. Prices rose due to tighter oil supplies on account of OPEC+ cuts, resilient economic growth, and continued geopolitical uncertainty: Global oil demand.