OPEC cuts oil demand growth forecast for 2024, 2025 US dollar rises to 4-month high against other currencies Nov 12 (Reuters) - Oil prices held near a two-week low on Tuesday after dropping about ...
LONDON, Nov 12 (Reuters) - OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and other regions, marking the producer group's ...
Lower oil prices and weak refining margins weighed on the group’s performance. The 30% year-on-year drop in third-quarter earnings to $2.27 billion will “maintain pressure” on CEO Murray ...
Hours after former President Donald Trump was declared the winner of the 2024 election, the Biden administration moved Wednesday to limit oil drilling in Alaska’s Arctic National Wildlife Refuge.
Ever since Russia invaded Ukraine in February 2022 and oil prices soared around the globe, the oil industry has enjoyed three highly lucrative years with historic profits. The sector is still ...