A comprehensive view of Crude Oil. This page highlights a small sample of our full coverage.
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Goldman Sachs warns next US president will have limited means to boost domestic oil supply, noting strategic reserves are low and regulatory easing will only modestly affect long-term supply; 2025 Brent price forecast to be between US$75-US$90/barrel
Published:
July 26, 2024
by BusinessAM
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Economist Intelligence Unit expects crude oil prices to average US$84.40/barrel in 2024 and US$81.30/barrel in 2025; global oil demand set to hit record highs in 2024/2025 on resilient demand in North America, continued demand growth in developing world
Published:
July 24, 2024
by World Commodity Forecasts
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US commercial crude oil inventories in week ended Jul. 19 decreased by 3.7 million barrels from the previous week to 436.5 million barrels; inventories are about 5% below the five year average for this time of year: EIA
Published:
July 24, 2024
by U.S. Energy Information Administration (EIA)
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UBS: OPEC+ has significant spare capacity that's capping Brent crude price increases; excess capacity is estimated at historically high 5.8 million barrels/day, and has mitigated impact of geopolitical tensions such as conflicts in Middle East
Published:
July 23, 2024
by Naija 247 News
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Morgan Stanley predicts crude oil surplus in 2025 with Brent prices dropping to mid-to-high US$70s from current US$80/barrel; OPEC and non-OPEC supply expected to grow by about 2.5 million barrels/day in 2025, ahead of demand growth
Published:
July 22, 2024
by Proactive Investors
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