The Energy Information Administration said in a monthly report released Tuesday that it raised its 2022 estimates for global oil consumption, leading to month-on-month increases in global demand ...

In the April issue Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) revised the 2022 global liquid fuels consumption data in its International Energy Statistics, ...

Nisha Gopalan is the Senior Overnight Assignment Editor for Investopedia News. She is an award-winning financial journalist who has worked in London, where she is currently based, and Hong Kong. She ...

Institutional oil market forecasts are agenda-driven; EIA's delayed surplus prediction is bullish for oil, despite market focus on bearish aspects. EIA's optimistic U.S. production growth may be ...

The West Texas Intermediate (WTI) crude oil price has retreated this year as concerns about demand and supply remain. WTI, which is the America’s oil benchmark, dropped to $61.30, down by over 24% ...

(Reuters) - Goldman Sachs lowered its forecast for Brent crude's average price this year by 5.5% to $69 a barrel and for WTI prices by 4.3% to $66, citing the risks of higher OPEC+ supply and the ...

As crude oil becomes increasingly influenced by market dynamics, fluctuations in its price have a significant effect on the global economic and financial landscape (Naser, 2016). Accurate forecasts of ...

LONDON, June 11 (Reuters) - OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower-than-expected use in the first quarter, saying travel and ...

LONDON, Aug 12 (Reuters) - OPEC on Monday cut its forecast for global oil demand growth in 2024 citing softer expectations for China, a reduction that highlights the dilemma faced by the wider OPEC+ ...