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Jun 12, 2024 · Global oil supply rose by 520 kb/d in May to 102.5 mb/d, as Brazilian ethanol output surged seasonally. For the year as a whole, production increases by 690 kb/d, led by non-OPEC+ gains of 1.4 mb/d. OPEC+ supply falls by 740 kb/d if voluntary cuts are maintained.
Jun 25, 2024 · Crude oil prices fell 1% on Tuesday as weak U.S. consumer confidence data fed worries about the economic outlook and fuel demand after a slow start to the U.S. summer driving season.
6 days ago · Key Takeaways. A decision by OPEC+ to possibly boost production sooner than expected and diverging demand forecasts could hold oil prices down in the second half of the year. The U.S....
Jun 24, 2024 · Crude oil prices rose to a two-month high amid optimistic demand outlooks and a decline in US stockpiles, sparking concerns of a resurgence in inflation.
Jun 12, 2024 · Unwinding output cuts. OPEC+ has been restraining output for about two years in a bid to prevent the emergence of a huge supply surplus that could depress prices and hurt the oil-dependent...
Jun 28, 2024 · Alvin R Cabral. Jun 28, 2024. Oil prices pulled back gains on Friday, amid hopes the US Federal Reserve will soon begin long-awaited interest rate cuts that will help to stimulate the world's biggest economy and boost demand for crude.
Jun 14, 2024 · NEW YORK, June 14 (Reuters) - Oil futures prices settled slightly lower on Friday after a survey showed deteriorating U.S. consumer sentiment, but prices rose 4% for the week as investors...
