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Crude oil futures fell nearly 2% on Monday after OPEC cut its demand forecast for 2024 for the third time in a row. OPEC now sees demand growing by 1.9 million barrels per day in 2024, down from 2 million bpd in its previous forecast, according to a report released Monday. 

tag:reuters.com,2023:binary_RC2WVZ9NKL8P-BASEIMAGE

Reuters

United Kingdom

Oil falls over 2% as OPEC cuts oil demand growth view, China concerns

Oil prices declined more than 2% on Monday, wiping out all of last week's gains, as OPEC lowered its 2024 and 2025 global oil demand growth view again while China's oil imports fell for a fifth month in a row.

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The Woodbridge Company

The entity now expects demand to grow by 1.93 million barrels per day this year and 1.64 million barrels per day in 2025, compared to the previously expected 2.03 million and 1.74 million barrels per day

Entidade espera agora que a demanda cresça 1,93 milhões de barris por dia este ano e 1,64 milhões de barris por dia em 2025, face aos 2,03 milhões e 1,74 milhões de barris por dia esperados anteriormente

Opep reduz ainda mais perspectiva de crescimento da demanda por petróleo

Globo

Roberto Irineu Marinho

Brazil

OPEC further reduces oil demand growth outlook

Soft demand in China has weighed on the market for months.

CNBC

Roberts family

United States

Crude oil prices fall nearly 2% after OPEC cuts demand forecast again

Eight OPEC+ nations have been voluntarily reducing output by 2.2 mln barrels per day since Q1 2024

TASS [🇷🇺-affiliated]

Government of Russia

Moscow

Russia

Russia cuts oil output by 28,000 bpd to 9 mbd in September

The Organization of the Petroleum Exporting Countries (OPEC) has cut its global oil demand growth forecast for the third consecutive month, citing persistent economic uncertainties and weakened market sentiment.
The group’s October monthly oil market report, released on Oct. 14, sees global demand rising by 1.9 million barrels per day (bpd) in 2024, down 106,000 bpd from its previous estimate.
China accounted for most of the downgrade, with OPEC…

The Epoch Times

Epoch Media Group

New York

OPEC Cuts Oil Demand Growth Forecast for 3rd Straight Month Amid Economic Uncertainty, Weak Market Sentiment

The Organization of the Petroleum Exporting Countries (OPEC) on October 14 reduced its forecast for global oil demand growth for the third consecutive time.

Tổ chức các nước xuất khẩu dầu mỏ (OPEC) ngày 14.10 đã có lần thứ 3 liên tiếp giảm dự báo tăng trưởng nhu cầu dầu mỏ toàn cầu.

OPEC lại giảm triển vọng nhu cầu dầu thế giới

Thanh Niên

Vietnam

OPEC cuts global oil demand outlook again

(Yahoo Finance) – OPEC trimmed its forecasts for oil demand growth this year and next for a third consecutive month as the group belatedly recognizes a slowdown in global fuel use.  Global oil consumption will increase by 1.9 million barrels a day — roughly 2% — in 2024, or 106,000 barrels a day less than previously forecast, the Organization of Petroleum Exporting Countries said in its monthly report. The revision was “largely due to actual data

Oil & Gas 360

EnerCom, Inc.

Denver

Denver County

Colorado

OPEC cuts global oil demand growth forecasts for third consecutive month – Oil & Gas 360

The 2025 projection was revised downwards, with an increase of 1.6 million barrels a day compared to 2023, about 100,000 barrels a day less than the previous forecast, for a global demand of 105.8 million barrels a day.

A proje��o para 2025 foi revista em baixa, com um crescimento de 1,6 milh�es de barris por dia face a 2023, menos cerca de 100.000 barris por dia do que a previs�o anterior, para uma procura global de 105,8 milh�es de barris por dia.

OPEP rev� em baixa crescimento da procura mundial de petr�leo em 2024 e 2025

Jornal de Negócios

Cofina

Porto

Porto District

Portugal

OPEC reverts to low global oil demand growth in 2024 and 2025

The oil cartel is predicting slower growth. Experts believe this is primarily due to China.

Das Ölkartell sieht ein langsameres Wachstum voraus. Das liegt aus Sicht der Fachleute vor allem an China.

Globaler Bedarf an Rohöl wird langsamer wachsen – vor allem wegen China

watson.ch/

Zürich

Zürich District

Zurich

Switzerland

Global demand for crude oil will grow more slowly – mainly because of China

OPEC continues to project that global demand for oil will grow in 2024 and 2025, but it cut its previous forecasts for global consumption in a study released this Monday. The cartel of oil producing countries estimates that global demand will average 104.1 million barrels of oil (mbd) per day in 2024, compared to a level of 102.2 mbd in 2023. By 2025, this group of producer countries, which publishes estimates updated every month, projects that …

La OPEP sigue proyectando que la demanda mundial de petróleo crecerá en 2024 y 2025, pero recortó sus anteriores previsiones para el consumo global en un estudio publicado este lunes. El cartel de países productores de crudo estima que la demanda global se situará en promedio en 104,1 millones de barriles de petróleo (mbd) por día en 2024, frente a un nivel de 102,2 mbd en 2023. Para 2025, esta agrupación países productores que publica estimacio…

Crude oil prices fall nearly 2% after OPEC cuts demand forecast again

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