Markets

The International Energy Agency (IEA) has adjusted its predictions for global crude runs, anticipating an increase of 1.9MM b/d in 2023 and an additional 1MM b/d in 2024

The oil-producer organization continues to view that the recent slump in crude prices occurred because of "exaggerated negative sentiments."

The IEA reported that global oil demand has been defying economic worries, surpassing expectations and setting record highs.

The US EIA has revised down its WTI price forecasts for 2023 and 2024, according to its Nov. STEO.

The ongoing Israel-Hamas conflict has heightened concerns over global energy security, impacting the reliability of fossil fuels.

The global oil market is experiencing a complex interplay of factors, signaling a potential shift in its dynamics.

Macquarie strategists have maintained a bearish outlook on the oil market, even as they acknowledge potential upside risks associated with the ongoing Middle East conflict.

The World Bank has issued a warning about potential oil-price disruptions caused by escalating conflict in the Middle East.

The future of the oil and gas industry is a subject of intense debate, with prominent figures offering contrasting perspectives on its trajectory.

The UK bank has unveiled a groundbreaking machine-learning model named SCORPIO (Standard Chartered Oil Research Price Indicator) for short-term forecasting of Brent crude oil prices.