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OPEC expects lower demand for its oil as U.S. hits new milestone

OPEC expects lower demand for its crude oil in 2020 even as global demand rises, it said on Wednesday, as rival producers grab market share and the United States looks set for another output record......»»

Category: topSource: reutersJan 15th, 2020

OPEC Forecasts Higher Demand for Renewable Energy, Lower Demand for Oil

OPEC on Tuesday released its World Oil Outlook to 2040. The cartel sees demand for renewables rising faster than demand for oil, but expects fossil fuels to continue to account for more than half of........»»

Category: blogSource: 247wallstNov 5th, 2019

OPEC Forecasts Higher Demand for Crude as Global Economy Improves

The easing of trade tensions between the United States and China is expected to lift global economic growth in 2020. OPEC expects demand for oil to put a strain on supplies, raising prices for the........»»

Category: blogSource: 247wallstJan 15th, 2020

Futures Movers: Oil prices drift slightly lower as investors weigh OPEC monthly report and API data

Oil futures bounce between gains and losses on Wednesday, but were mostly lower, as investors digest a monthly report from OPEC that forecasts increased global demand and a weekly report that showed a climb in U.S. inventories......»»

Category: topSource: marketwatchJan 15th, 2020

Oil hits highest since September on trade hopes, OPEC cuts

Oil rose further above $67 a barrel to its highest in over three months on Thursday, buoyed by a report showing lower U.S. crude inventories, by hopes of an end to the China-U.S. trade dispute and OPEC-led efforts to constrain supply......»»

Category: topSource: reutersDec 26th, 2019

Futures Movers: Oil gains on trade-talk optimism, hopes for OPEC extension and forecasts for lower U.S. production

Oil prices edged higher Tuesday amid hopes that trade talks between China and the U.S. will ultimately result in a deal that sustains global economic growth and energy demand while OPEC restrains production......»»

Category: topSource: marketwatchNov 26th, 2019

The Wall Street Journal: OPEC report forecasts oil supplies will shrink over next 5 years

OPEC said Tuesday it expects its oil supplies to fall continuously over the next five years, suggesting the cartel may need to keep cutting output to stabilize prices amid a bigger-than-expected U.S. production boom and sluggish oil demand......»»

Category: topSource: marketwatchNov 5th, 2019

Futures Movers: Oil erases earlier gains to finish lower as demand worries prevail, even as OPEC output drops

Oil futures give up earlier gains on Monday to finish with a modest losses, pressured by prevailing worries over energy demand, despite a monthly drop in OPEC output......»»

Category: topSource: marketwatchOct 7th, 2019

Oil futures settle lower on energy demand concerns, as Ecuador announces plan to leave OPEC

Oil fut.....»»

Category: topSource: marketwatchOct 1st, 2019

Futures Movers: Oil prices move lower as weak U.S. manufacturing activity feeds worries over energy demand

Crude-oil futures move lower Tuesday, as earlier gains from a monthly report on falling OPEC production gives way to concerns over a slowdown in energy demand following data showing U.S. manufacturing activity at its lowest level in over a decade......»»

Category: topSource: marketwatchOct 1st, 2019

Oil prices recover on lower output from U.S., Russia, OPEC

Oil prices rebounded on Tuesday on reports that output from the world's largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns kept a lid on gains......»»

Category: topSource: reutersOct 1st, 2019

Oil prices rebound on lower output from U.S., Russia, OPEC

Oil prices rebounded in early Asian trade on Tuesday after production at the world's largest oil producers fell in the third quarter, although demand concerns continued to keep a keep a lid on prices......»»

Category: topSource: reutersSep 30th, 2019

Futures Movers: U.S. oil prices fall as weaker demand outlook outweighs support from 4th-weekly drop in U.S. supplies

U.S. oil futures edge lower Wednesday, pressured by a weaker demand outlook from OPEC, despite a fourth straight weekly decline in U.S. crude supplies......»»

Category: topSource: marketwatchSep 11th, 2019

Lower pet food demand hits Smucker results, shares fall

J. M. Smucker Co cut its full-year earnings forecast and reported disappointing quarterly results on Tuesday, hit by weak sales of its pet food, coffee and peanut butter, sending its shares down 6%......»»

Category: topSource: reutersAug 27th, 2019

Euronav Waits On 2019 Recovery As It Notches Second Quarter Loss

Euronav (NYSE: EURN) reported a loss that was slightly lower than expected, despite the ongoing weakness in oil tanker rates. The tanker company expects demand and rates to rise toward the end of 2019. read more.....»»

Category: blogSource: benzingaAug 8th, 2019

D.R. Horton expects lower incentive spending to boost margins

No.1 U.S. homebuilder D.R. Horton Inc on Tuesday said it expects lower incentive spending and strong buyer demand to benefit margins, sending its shares up about 6%......»»

Category: topSource: reutersJul 30th, 2019

U.S. oil ends lower as OPEC cuts demand forecast

U.S. oil futures finished with a loss on Thursday, giving up earlier gains from storm-related.....»»

Category: topSource: marketwatchJul 11th, 2019

Oil prices ease as demand worries counter supply cuts

Oil prices drifted lower on Tuesday, as weak global data raised concerns about future demand for the commodity despite a positive boost from OPEC's decision to extend supply cuts until next March......»»

Category: topSource: reutersJul 2nd, 2019

Oil edges lower ahead of G20, OPEC meeting

Oil prices edged lower on Thursday, pressured by worries about whether the G20 summit will produce a breakthrough on trade that could strengthen the global economy and boost oil demand......»»

Category: topSource: reutersJun 27th, 2019

Wall Street ends down; Broadcom warning hits chip stocks

U.S. stocks ended lower on Friday as investors were cautious going into next week's Federal Reserve meeting, while a warning from Broadcom of a broad weakening in global demand weighed on chipmakers and added to U.S.-China trade worries......»»

Category: topSource: reutersJun 14th, 2019

Wall Street steadies, Broadcom warning hits chip stocks

U.S. stocks were flat to lower in late afternoon trading on Friday, though a warning from Broadcom of a broad weakening in global demand weighed on chipmakers......»»

Category: topSource: reutersJun 14th, 2019