Oil headed towards low $70s next year, says Citi
Oil is set to go lower after gaining 28% in the third quarter, according to Citi's commodity analysts.
Source: yahoo.com
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Oil price heading for 20% fall, predicts Citi
Crude oil prices to slump to as low as US$70 a barrel next year due to sluggish demand and as “peak transport fuel demand” looms, according to US bank...
Source: proactiveinvestors.co.uk
Drag on Oil Demand in China and US Is Limiting Rally, Citigroup's Morse Says
(Bloomberg) -- The drag on oil demand in China, Europe and the US is weighing heavily on crude prices, capping the potential gains from OPEC+ supply cuts, Citigroup Inc. analyst Ed Morse says.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Severe Crash Is Coming for US Office Properties, Investors SayBig Tech Spared as Bond Selloff Rattles Stocks: Markets WrapJPMorgan’s Dimon Predicts 3.5-Day Work Week f
Source: yahoo.com
Oil Falls on Macroeconomic Concerns
Oil fell, with the US benchmark tumbling below $90 a barrel, as worries about further interest rate increases and a slowdown in the economy roiled broader ...
Source: rigzone.com
ADIPEC 2023: Oil industry is "central" to global energy transition, executives say
The oil industry is part of the energy transition and its voice should be heard at COP28, executives including Halliburton Co. CEO Jeff Miller, Liam Mallon of ExxonMobil and Gordon Birrell of bp, said in a panel discussion.
Source: worldoil.com