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Express News | OPEC maintains global oil demand forecast for this year and next
Oil Declines With OPEC Forecast Unchanged, as Traders Weigh the Interest-rate Outlook
Oil futures moved lower on Tuesday, giving back part of the gains seen a day earlier, as the Organization of the Petroleum Exporting Countries left its monthly forecasts largely unchanged and traders weighed the outlook for interest rates, and their potential impact on energy demand.
OPEC Sticks to Oil-Demand View, Posts Fall in Overall Output
The Organization of the Petroleum Exporting Countries left its estimates for global oil-demand growth unchanged for this year and next, while reporting a fall in crude output as the market awaits the cartel's next production policy move at its upcoming meeting in June.
Oil Steadies as Traders Look to OPEC Report and Inflation Data
Oil held a gain before the release of an OPEC market outlook, with traders looking for signs on whether supply curbs will be extended, as well as US inflation data that will shape expectations for monetary policy.
Shell Plc Advances Share Buy-Back Program
Shell plc (UK) (GB:SHEL) has released an update.
Oil Prices Still Under Pressure, Putting OPEC+ Supply in Focus -- Market Talk
Oil prices have recouped some of the losses posted earlier this week, but Brent crude continues to trade below $85 a barrel despite growing tensions in the Middle East.
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