LONDON, April 13 (Reuters) - OPEC on Monday lowered its forecast for world oil demand in the second quarter by 500,000 barrels per day, the producer group's monthly oil report showed in its first ...

By Ben Aris in Berlin The world's oil buffer is disappearing faster than at any point in recorded history. Two months into ...

Since the start of the Iran conflict, investors around the world have been worried that tight global oil supplies and high prices could eventually lead to a drop in demand. According to the ...

Opec secretary general Haitham Al Ghais and his Opec research team unveiled the group's latest annual World Oil Outlook at the ROG.e 2024 event in Rio de Janeiro World oil demand will soar by almost ...

Oil demand is shriveling as the trade war between the United States and China trips up the global economy. Estimates for March and April are pointing to year-on-year declines in regions that account ...

The current supply disruption could have a permanent impact on the global energy market.

Oil prices jumped more than 7% back above $100 a barrel as the U.S. moved to block ships sailing through the Strait of Hormuz in a bid to throttle Iran's oil exports. Brent crude for June delivery was ...

Global oil demand is set to contract this year as the near-closure of the Strait of Hormuz leaves nations scrambling to secure barrels from an increasingly tight pool of supply, the International ...

Tight oil supplies and high prices are likely to lead to a drop in global crude demand this year, according to the IEA. Since the start of the Iran conflict, investors around the world have been ...