Global oil markets are experiencing structural headwinds due to declining demand driven by a confluence of factors including ...

U.S. crude oil production surged to an all-time high in March, reaching 13.488 million barrels per day, according to newly ...

WTI oil prices are set to average $58.30 per barrel this year, amid rising OPEC+ and U.S. production and relatively stable ...

World oil demand in 2040 is expected to be on par with the current level as growing oil use in the next few years should be offset by declining consumption through late 2030s, global oil trader ...

On Monday, OPEC in a monthly report said world oil demand will rise by 1.93 million barrels per day (bpd) in 2024, down from growth of 2.03 million bpd it expected last month. Until August ...

cut the 2025 world oil demand growth forecast to 730k barrels per day (b/d) from 1.03 million b/d. Following the downbeat report, WTI remains 0.16% lower on the day near $61. (This story was ...

STORY: Global oil demand will grow much more slowly this year than expected. U.S. production increases will also taper off, due to U.S. President Trump’s tariffs on trading partners and their ...

However, as economies reopened, oil demand rebounded sharply. Today, nearly five years after the pandemic, the world’s energy landscape is still adjusting to new realities. The post-pandemic oil ...

Global oil demand growth is “slowing sharply” as China’s economy cools, pushing prices to a three-year low, the International Energy Agency said. World consumption increased by 800,000 ...

The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand would rise by 1.30 million barrels per day in 2025 and by 1.28 million bpd in 2026. Both forecasts ...

LONDON, April 15 (Reuters) - Global oil demand will grow at its slowest rate for five years in 2025 and U.S. production rises will also taper off, due to U.S. President Donald Trump’s tariffs on ...