Key Oil Market Drivers OPEC+ supply and the U.S. trade policies (and their effect on economies) will be the two key driving factors for oil prices this year, WoodMac says, although there are also ...

the current developments in supply and demand could push oil prices consistently lower, to between $60 and $80 per barrel. Despite the bearish outlook, demand has repeatedly surprised on the ...

0924 GMT – Goldman Sachs cut its oil-price forecasts for this year and next on expectations of slower demand growth and higher OPEC+ supply. “Brent oil prices have fallen from above $80/bbl in ...

said that “global oil supply could exceed demand by around 600,000 barrels per day (bpd) this year. 2025 world oil demand growth forecast seen at 1.03 million bpd (previously 1.10 mil bpd).

NEW YORK, March 21 (Reuters) - Oil prices settled higher on Friday and ... the OPEC+ producer group raised expectations of tighter supply. Brent crude futures rose 16 cents, or 0.2%, to settle ...

How wrong the market was. Instead, the group announced it would increase the oil supply by 411k b/d in May. The group attributed the increase to healthy market fundamentals and a “positive ...

Meanwhile, the agency still expects global oil supply to exceed demand, now forecasting a surplus of ~600K bbl/day with a potential addition of 400K bbl/day to the market if OPEC+ raises output ...

The International Energy Agency said the macroeconomic conditions underpinning its oil-demand projections have ... and that it sees a bigger-than-anticipated supply surplus if OPEC+ raises output ...