Drivers can expect relief at the pump in the coming year as economists forecast that Donald Trump’s initiatives to boost US oil production will drive down prices.
Drivers can expect relief at the pump in the coming year as economists forecast that Donald Trump’s initiatives to boost US oil production will drive down prices.
Oil prices are headed for their sharpest daily decline in a year as the world faces a looming supply glut and reports suggest Israel will avoid targeting Iran’s crude facilities.
Oil is on track for its most significant weekly decline in nearly a year, driven by concerns over weak demand and ample supply, despite Opec+ postponing a scheduled production increase
Oil prices continued to decline on Wednesday, with forecasts suggesting an average of around $60 per barrel next year, and possibly even dipping to around $50, according to Citi.
Oil prices continued to rise on Monday morning, as escalating tensions in the Middle East remained a significant concern for traders.
Oil is poised for its most significant weekly rise since October, fueled by the ongoing Red Sea crisis and China’s economic stimulus measures, potentially boosting demand.
An official report indicates that this year will see a halving in oil demand, impacting both Vladimir Putin’s war-driven economy and Saudi Arabia, the world’s top oil producer.
Oil prices surged following airstrikes by Britain and the US on Houthi rebels in Yemen, a response to assaults on Red Sea shipping routes that have impacted global trade.
On Monday morning, crude oil prices experienced a downturn following Saudi Arabia’s announcement of significant price cuts over the weekend.
Bank of America (BofA) analysts predict a challenging year for U.S. oil companies and refiners in 2024, as indicated in a note released on Friday. They anticipate the average price
A recent study highlights a notable decline in Britain’s electricity generation from fossil fuels, reaching its lowest level in nearly seven decades in 2023.