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,…

Oil soars 10% in five days, logs biggest weekly gain in one year over Israel-Iran war; Brent sits at $78/bbl

International crude oil prices settled higher in the previous session, logging their biggest weekly gains in over a year on the mounting threat of a region-wide war in the Middle…