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u.s. dollar index, Oil
Oil prices consolidate after sinking on surging dollar; IEA sees 2025 crude glut
Oil futures edge higher Thursday, consolidating after slumping in the face of a surging U.S. dollar, as investors weighed a forecast from the International Energy Agency and awaited U.S. inventories data.
Oil prices rebound 1% after dollar-related sharp declines
Oil prices rose about 1% on Thursday, paring some of the sharp declines seen earlier this week due to a stronger U.S. dollar and worries about rising supply amid slow demand growth. Brent crude futures were up 70 cents to $72.
Oil Pressured by Stronger U.S. Dollar, Demand Worries
Oil edged lower pressured by a gloomy demand outlook and a stronger U.S. dollar which Swissquote Bank said was clearly in overbought market territory.
IEA raises 2024 oil demand forecast
Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the Middle East and beyond, the International Energy Agency said.
IEA sees 2025 oil market in supply surplus
The world's demand for oil will fall short of supply by more than 1 million barrels per day (bpd) in 2025 even if OPEC+ cuts remain in place, the International Energy Agency (IEA) said in its monthly oil market report on Thursday.
IEA raises 2024 oil demand forecast, sees surplus looming in 2025
Global oil demand is expected to expand by 920 kb/d this year, the International Energy Agency said on Thursday, while it expects global supply to exceed consumption by more than 1 mb/d next year, primarily due to a slowdown in China's economy.
58m
on MSN
Oil dips on bigger-than-expected US crude stockbuild, oversupply concerns
Oil prices edged lower on Thursday, as rising U.S. crude inventories added to concerns of oversupply, while the dollar's ...
The Economist
4h
Big oil may be softening its stance on climate-change regulation
To add to climate warriors’ gloom, Shell, a British oil giant, won an important legal victory this week. In 2021 a Dutch ...
CBS News
2d
EPA to hit oil and gas companies with "methane fee" for drilling waste — but will it last?
Washington —
Oil
and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane ...
2h
Imperial Oil fined for 2021 slop oil spill
The Ontario government fined Imperial Oil C$900,000 ($641,391) for a slop oil leak into a tank containment area at its Sarnia ...
2d
E.P.A. to Charge Oil Companies First-Ever Methane Fee, but Will It Last?
The Biden administration is imposing a fee on large energy companies that spew excess methane, a potent greenhouse gas.
21h
Oil prices don't have a 'sustainable path' higher: Analyst
CFRA Research Energy equity analyst and deputy research director Stewart Glickman joins Asking for a Trend to discuss his ...
2d
on MSN
Biden EPA to charge first-ever ‘methane fee’ for emissions waste by oil and gas companies
Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain ...
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