Wall Street analysts are projecting lower oil (BZ=F, CL=F) prices in 2025, with forecasts ranging from $65 to $76 per barrel. Roth Capital Partners senior energy analyst Leo Mariani and S&P Global ...

OPEC's extended production cuts and reduced non-OPEC growth will create a reliance on OPEC barrels, giving them leverage to set higher oil prices. Despite current low WTI prices, we anticipate a ...

OPEC's position in the oil market is slipping, and next year's massive supply glut will likely further loosen the cartel's grip. According to the International Energy Agency, OPEC+ faces a sizable ...

LONDON-Opec cut its 2024 global oil demand growth forecast for a fifth straight month on Dec 11 and by the largest amount yet, a series of downgrades that highlights China’s sputtering role as ...

OPEC's latest oil market signals continued challenges for the global energy landscape. For the fifth consecutive month, the cartel has cut its global oil demand growth forecast for 2024, now ...

In the case of oil, the answer in 1960 was the formation of a producer’s cartel: the Organization of the Petroleum Exporting Countries (Opec). Solar power, which is going through its own growing ...

OPEC cut oil demand growth forecasts for this year and next for a fifth straight month, making its deepest reduction to the 2024 outlook so far after agreeing to extend its supply curbs.

OPEC revised its 2025 demand growth outlook downward for the fifth consecutive month, with investors closely watching IEA market balance estimates. While China’s plans for monetary easing may ...

OPEC has a history of under-estimating U.S. output gains going back to the start of the shale oil boom, which has seen the United States become the world's top oil producer. The United States now ...

More U.S. oil supply could further erode OPEC+’s market share and weigh down on oil prices, which the OPEC cartel and its allies are desperately trying to support with production cuts.

Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the ...

The IEA forecasts a global oil surplus of 950,000 bpd in 2025, even if OPEC+ maintains its current production levels. Non-OPEC+ producers, particularly the US, Brazil, and Canada, are expected to ...