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The Fed will continue to overtighten, says Charles Schwab's Kevin Gordon
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Chinese President Xi Jinping will travel to San Francisco on Tuesday for a high-stakes summit with his U.S. counterpart, Joe Biden, seeking the way forward for the strained ties ...
This week we look at the market passing an important test, the positively boring picture in margin debt, more signs of stubborn bears, positive and negative CAPEX cycle trend, ...
Iraq’s minister of electricity said that import of gas from Iran will remain in place as the country needs Iranian gas to generate electricity. Ziad Ali Fazel on Monday emphasized ...
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A 1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, making it the second most expensive car ever sold at auction, Sotheby’s said. The bright red ...
post: #OIL MARKETS LESS TIGHT THAN EXPECTED AS SUPPLY CLIMBS, IEA SAYS - BBG *GLOBAL OIL SUPPLY TO ADD 1.7M B/D TO RECORD 101.8M IN '23: IEA *GLOBAL OIL DEMAND TO GROW 2.4M B/D TO 102M B/D IN 2023: IEA *GLOBAL OIL DEMAND GROWTH TO SLOW TO 930K B/D IN 2024, IEA SAYS *OIL SUPPLY TO…Oil Market Report - November 2023 Chinese oil demand rose to another record high of 17.1 mb/d in September, underpinning global growth. China is set to account for 1.8 mb/d of the total 2.4 mb/d increase that lifts demand to 102 mb/d in 2023. Overall growth is expected to slow to 930 kb/d in 2024. In the OECD, economic headwinds are increasingly apparent, with this year’s slim demand gains giving way to a contraction in 2024. World oil output increased by 320 kb/d in October to 102 mb/d. Growth in the United States and Brazil is outperforming forecasts, helping to propel global supply higher by 1.7 mb/d to a record 101.8 mb/d in 2023. Non-OPEC+ will again drive overall growth in 2024, projected at 1.6 mb/d. There has been no material impact on oil supply flows from the war between Israel and Hamas that started in early October. Refinery margins collapsed in October from the near-record levels achieved during 3Q23. Weaker gasoline cracks drove much of the decline, but still-elevated middle distillate c
ast year, when the European Union found itself in a position to urgently find a replacement for pipeline Russian gas, U.S. LNG producers were hailed as saviors. Dozens of tankers ...
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- Posted: Nov 14, 2023 3:03am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,391
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