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14824hr
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OPEC

OPEC raises 2021 oil demand growth forecast on hopes virus impact wanes
Markets

OPEC raises 2021 oil demand growth forecast on hopes virus impact wanes

  • Demand will rise by 5.95 million barrels per day (bpd) in 2021, or 6.6%, the Organization of the Petroleum Exporting Countries forecast in its monthly report, up 70,000 bpd from last month.
  • OPEC raised its forecast of 2021 world economic growth to 5.4% from 5.1%, assuming the impact of the pandemic is "largely contained" by the beginning of the second half of the year.
Published 13 Apr, 2021 05:34pm
Oil prices down
Markets

Oil prices down

NEW YORK: Oil prices edged lower on Friday on rising supplies from major producers and concerns over a mixed picture...
Published 10 Apr, 2021 04:34am
Oil prices dip on mixed supply and demand outlook
Markets

Oil prices dip on mixed supply and demand outlook

  • "If a fulsome framework can be crafted in the coming weeks, significant quantities of Iranian oil will likely hit the market in H2 2021," RBC Capital analyst Helima Croft said in a note this week.
Published 09 Apr, 2021 03:43pm