Latest News for: oil forecast

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Occidental beats profit estimates on higher oil prices

Natural Gas World 08 May 2024
HOUSTON, May 7 (Reuters) - Occidental Petroleum on Tuesday reported profit that beat analysts' first-quarter consensus estimate and forecast second quarter oil and gas production would climb 7%.
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US energy agency revises down Brent price forecast for 2024, 2025

Anadolu Agency 08 May 2024
The EIA forecast that global oil inventories would fall by 300,000 barrels per day (bpd) in the first half of this year ... The agency also forecasts that global oil production will be 102.76 million bpd ...
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Suncor Joins Forecast-Beating Q1 Performers in the Oil Industry

Oil Price 08 May 2024
Suncor has become the latest oil major to report forecast-beating figures for the first quarter, benefiting ...
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Oil slips on rising US stockpiles, cautious supply expectations

Bahrain News Agency 08 May 2024
... the previous session on signs of easing supply tightness and weaker global oil demand from an EIA forecast report on Tuesday.
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Oil trades higher after US crude inventories register sharp fall, dollar caps gains; Brent at $83/bbl

Live Mint 08 May 2024
... some of last week's large build,' said Matt Smith, lead oil analyst at Kpler.The EIA, however, expects slower global oil demand growth for the year, a forecast report showed.A strengthening U.S.
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Oil loses ground on increase in US crude and fuel stocks

Business Day 08 May 2024
Both benchmarks fell marginally in the previous session on signs of easing supply tightness and weaker global oil demand from an Energy Information Administration (EIA) forecast report on Tuesday.
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Developing Oil Industry Set to Ignite South Sudan’s Economy

Capital Ethiopia 08 May 2024
During the forecast period 2022-2027, South Sudan’s oil market is poised to grow at a compound annual rate of 1.5% – rising from 134,000 in 2021 to approximately 160,500 bpd by 2027.
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EIA estimates slower world oil demand growth in 2024 

Offshore Technology 08 May 2024
The US EIA revised its earlier forecast on world oil demand for 2024 on Tuesday, indicating that it is expected to grow at a slower pace. Additionally, the EIA predicts that global oil output will ...
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bp profit slides by 40% as refinery outage offsets higher output

Hydrocarbon Processing 08 May 2024
bp's 1Q earnings plunged by 40% to $2.7 B, missing forecasts after lower energy prices and a U.S. refinery outage offset increased oil and gas production ....
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If I invest £10,000 in Shell shares, how much passive income could I receive?

The Motley Fool 08 May 2024
Declining oil. Global oil demand is actually fairly strong at the moment ... The International Energy Agency forecasts that EVs will displace around 12% of current oil demand by 2035 ... Shell’s an oil ...
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Clean energy jobs outpacing employment in the fossil fuel sector

B & FT Online 08 May 2024
Senegal, an unlikely renewable energy hotspot, with oil and gas driving its forecasted 8.8percent GDP growth in 2024, is aiming to generate as much as 40percent clean energy by 2030 ... Even oil-rich ...
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