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Oil prices hold near 2-week low
Oil prices trade at 2-week lows on bets for a demand slowdown, supply surplus
Oil futures declined on Wednesday, with U.S. and global benchmark prices touching their lowest levels in about two weeks after a group of major oil producers lowered expectations for global demand growth.
Oil prices hold near 2-week low on gloomy demand outlook
Oil prices were little changed, trading near their lowest in two weeks on Wednesday, a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025 and amid demand concerns in China.
Oil prices edge up slightly amid OPEC demand cut forecast
Oil prices on the New York fuel exchange are slightly rising, but they remain close to this month's lowest levels. Brokers say investors are focused on the fuel demand outlook after OPEC countries lowered their oil demand growth forecasts for this and next year.
US sets methane fee on oil, gas emitters
E.P.A. to Charge Oil Companies First-Ever Methane Fee, but Will It Last?
The Biden administration is imposing a fee on large energy companies that spew excess methane, a potent greenhouse gas. Republicans may be able to repeal it.
Biden EPA to charge first-ever ‘methane fee’ for emissions waste by oil and gas companies
Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels under a rule being made final by the Biden administration.
US sets methane fee on oil, gas emitters as Biden term winds down
U.S. President Joe Biden's administration on Tuesday finalized a methane fee for big oil and gas producers meant to slash emissions of the powerful greenhouse gas, but which is likely to be scrapped by the incoming presidency of Donald Trump.
Reuters on MSN
1h
Oil slips towards 2-week low on gloomy demand outlook
OPEC lower demand forecast, China concerns weigh Iran ready for possible
oil
export curbs after Trump win API weekly US ...
13h
Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say
Given that oil demand growth next year probably won't be much more than 1 million barrels a day, a full unwinding of OPEC+ ...
Bloomberg L.P.
16h
US Climate Official Tells COP29 Oil Boom Aids Energy Transition
The surge of US
oil
and gas output under the Biden administration is an enabler of the energy transition, not a black mark ...
CBS News
1d
EPA to hit oil and gas companies with "methane fee" for drilling waste — but will it last?
Washington —
Oil
and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane ...
3h
Exxon-led consortium in Guyana hits 500 mln barrels of oil production
Oil giant ExxonMobil said on Wednesday it had reached 500 million barrels of oil produced from Guyana's offshore Stabroek ...
1d
OPEC Cuts Global Oil Demand Growth Forecasts For a Fourth Consecutive Month
OPEC cut its oil demand growth forecasts for this year and next for a fourth consecutive month as it belatedly recognized a ...
Investopedia on MSN
1d
Understanding the Correlation Between Oil and Currency
She is the CEO of Xaris Financial Enterprises and a course facilitator for Cornell University. There is a hidden string that ...
2d
on MSN
'Dying of thirst' as climate-driven floods mix with oil
Large swathes of the state have been under water for several years after unprecedented flooding, which scientists say has ...
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