Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Commodities

IEA slashes 2024 global oil demand growth forecast

Source Fxstreet

In its monthly oil market report published on Thursday, the International Energy Agency (IEA) lowered the global oil demand growth forecast for 2024.

Additional takeaways

2024 global oil demand growth forecast seen at 1.22 mil bpd (previously 1.24 mil bpd).

Global oil demand growth is losing momentum, pace set to decelerate in part due to China.

Oil market balances tightened in January, driven by supply outages in US and Canada.

Expects slight inventories build in Q1 despite OPEC+ cuts.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Forex Today: Japanese Yen rallies on reported intervention, US-Iran tensions remain high Here is what you need to know on Friday, May 1:

Author FXStreet

May 01, Fri

Here is what you need to know on Friday, May 1:

AUD/USD jumps near 0.7200 as Japan’s intervention sinks the USD The Australian Dollar reclaimed the 0.7200 level on Thursday, surging more than 1% as the Greenback dropped to seven-day lows amid Japanese authorities’ intervention in the FX markets, pushing aside solid US economic data. The AUD/USD trades past 0.7200 after hitting a daily low of 0.7110.

Author FXStreet

May 01, Fri

The Australian Dollar reclaimed the 0.7200 level on Thursday, surging more than 1% as the Greenback dropped to seven-day lows amid Japanese authorities’ intervention in the FX markets, pushing aside solid US economic data. The AUD/USD trades past 0.7200 after hitting a daily low of 0.7110.

Bitcoin Briefly Falls Below $76,000: Will Powell Staying on Board Curb Rally? Fed maintains interest rates, Bitcoin price falls below $76,000 as Powell's stay may hinder rebound.On April 30 (GMT+8), Bitcoin ( BTC) narrowed its losses and returned above $76,000, cur

Author TradingKey

Apr 30, Thu

Fed maintains interest rates, Bitcoin price falls below $76,000 as Powell's stay may hinder rebound.On April 30 (GMT+8), Bitcoin ( BTC) narrowed its losses and returned above $76,000, cur

Brent Oil Breaks Through $120 Mark, Strait of Hormuz Deadlock Continues to Ferment, How Will Trump’s Choice Sway Oil Price Direction?Hopes for a resolution to the U.S.-Iran deadlock are fading, and the oil price rally continued during the Asian session. On Thursday, dampened by pessimistic news regarding peace talks, B

Author TradingKey

Apr 30, Thu

Hopes for a resolution to the U.S.-Iran deadlock are fading, and the oil price rally continued during the Asian session. On Thursday, dampened by pessimistic news regarding peace talks, B

Today’s Market Recap: Fed Dissent and AI Capex Surges Define Volatile Earnings Week The S&P 500 edged down 0.04% to 7,135.95, while the Nasdaq Composite gained a modest 0.04% to reach 24,673.24. Meanwhile, the Dow Jones Industrial Average declined 0

Author TradingKey

Apr 30, Thu

The S&P 500 edged down 0.04% to 7,135.95, while the Nasdaq Composite gained a modest 0.04% to reach 24,673.24. Meanwhile, the Dow Jones Industrial Average declined 0

Related Instrument