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14 hours ago · CAPP said in May that Canada's oil and gas industry could lose US$55 billion (C$75 billion) in upstream investment by 2035 if the federal government implements the stringent 40% emissions cap from ...
4 days ago · For a while now, crude prices have been driven largely by demand, both existing and forecast. Supply has been quite tight, but that has been offset by expectations for an economic slowdown ...
5 days ago · Lowers 'call' estimate for OPEC+ crude in H2 2024. The International Energy Agency on July 11 trimmed its estimate of growth in global oil demand in 2025 by 50,000 b/d to 980,000 b/d, citing "normalisation" of demand trends following the pandemic, with China losing its pre-eminence.
5 days ago · Oil demand is expected to peak by 2025 at around 102 MMbpd under both scenarios. However, it declines at a different pace in either outlook, driven primarily by the pace of falling oil use in road transport.
6 days ago · Supply will likely continue to outpace demand next year, as the IEA said it expects 2025 production growth averages of 1.8 million barrels per day, thanks to rising production from the...
6 days ago · The company’s latest outlook report concludes that oil use will increase by about 2m barrels a day to peak at about 102m in 2025 across both of its forecasts – one that tracks the world current trajectory and one that shows the world meeting global net-zero targets by 2050.
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4 days ago · (Bloomberg) -- Oil climbed for a third day as key market gauges flashed signs of stronger demand and traders gauged the outlook for interest rates. Brent crude rose near US$86 a barrel and West Texas Intermediate topped $83.
