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 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 ...

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 ...

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 ...

At 11:30 ET (16:30 GMT), the DAX index in... Oil prices edge higher; OPEC supply, tighter sanctions talk help By Investing.com - 12 hours ago 1 Investing.com--Oil prices edged higher Wednesday ...

At 11:30 ET (16:30 GMT), the DAX index in... Oil prices edge higher; OPEC supply, tighter sanctions talk help By Investing.com - 10 hours ago 1 Investing.com--Oil prices edged higher Wednesday ...

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 ...

At 03:05 ET (08:05 GMT), the DAX index in Germany dropped... Oil prices rise to near 3-mth high as US inventories shrink, OPEC supply drops By Investing.com - 6 hours ago Investing.com-- Oil prices ...

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 ...