Oil extended its sharp decline on concerns that a slowdown in global growth will erode consumption.
Bond Markets Want Clarity on EU Deficits, ESM Economist SaysFrench Train Maker Alstom Slumps After Cash Flow WarningEuro High-Yield Bonds Flirt With End of Longest Win Streak Since 2021Underwater Trade-Ins Are Costing New Car Buyers Almost $6,000Casino Moves Closer to Sealing Deal With Billionaire KretinskyCricket Fever Portends Boost for India Travel and Alcohol StocksThames Water Can’t Get £2.
9 Billion Contracts to Saipem, Maire for GhashaTriton Pulls Listing of Gearbox Maker Renk on Volatile MarketsIncome gap declined from 'record high' in Q2: StatCanGreater Toronto home sales drop 7.
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Oil prices in 2023: Deloitte calls for US$85 WTI averageIt's forecasting a drop to an average of US$82.40 in 2024, and US$78.80 in 2025.
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Canadian oil output to hit new heights within two years: Report - BNN BloombergThe coming startup of the Trans Mountain pipeline will help boost Canadian oil production to an all-time high within the next two years, according to a new report.
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Saudi Budget’s Back to Old Ways as Oil Habit Proves Hard to Kick - BNN BloombergSaudi Arabia’s new budget math is once more entrenching its reliance on high oil prices, in a riskier path for a country whose fiscal choices matter for politicians and consumers around the world.
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Oil Subsidy Rollback Set to Help Region-Beating Malaysian Bonds - BNN BloombergMalaysia’s bonds beat all their regional peers last quarter as rising oil prices bolstered the government’s coffers. The expected rollback of oil subsidies in next week’s budget announcement may provide another updraft.
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Oil holds loss below US$90 with market buffeted by rate fearsOil held onto the previous day's drop as macroeconomic concerns overshadowed physical market tightness to cloud the demand outlook.
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Oil demand: We are still in an oil bull market, analyst explainsOil demand remains high despite inflation and other economic pressures keeping consumers on tightened budgets. Claudio Galimberti, Rystad Energy SVP & Head of Americas Research, joins Yahoo Finance Live to share his oil demand predictions for 2024. 'We are still in that phase' of an oil bull market, Galimberti tells Yahoo Finance, making a callback to previous comments on the energy market's reaction to OPEC's production cuts. Galimberti predicts a 'very sizable' rate of oil demand heading into 2024, coinciding with forecasts for extended production cuts from Saudi Arabian producers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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