Oil reports weekly loss on oversupply fears despite OPEC+ output extension; Brent down over 2% in 5 days
International crude oil prices fell by more than one per cent in the previous session to report a weekly loss after analysts projected a supply surplus next year on weak…
OPEC trims 2024 global oil demand forecast to 1.93 million bpd on bulk of China downgrade; Brent drops 2% to $77
The Organization of the Petroleum Exporting Countries and allies, including Russia (OPEC+) cut its forecast for global oil demand growth in 2024 and also lowered its projection for next year,…