Oil slides about 1% as weaker IEA demand outlook offsets rate cut hopes
Brent crude futures were down 82 cents at $82.04 a barrel at 1312 GMT, while U.S. West Texas Intermediate crude futures fell 51 cents to $77.52
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Brent crude futures were down 82 cents at $82.04 a barrel at 1312 GMT, while U.S. West Texas Intermediate crude futures fell 51 cents to $77.52
NEW DELHI -- The International Energy Agency has announced it will begin talks with India on its request to become a full member, taking note of the "
Demand will be concentrated in China, Brazil and India, with the three major economies set to account for nearly 80% of global growth this year
Middle East News: Global oil demand growth is losing momentum, the International Energy Agency (IEA) said on Thursday as it trimmed its 2024 growth forecast in sharp contrast with projections by producer group Opec.
International Energy Agency, however, said the expansive post-pandemic growth phase in global oil demand has largely run its course as growth eased from 2.8 million bpd in Q3 of 2023 to 1.8 million bpd in Q4.