while its net profit has risen by nearly 16%.3In fact, oilfield services reported its best performance for the 2023 to 2024 period in the past 34 years.4Additionally, some companies are engaging in increased investments in low-carbon technology projects to help balance the risks associated with...
The US Energy Information Administration May 7 lowered its 2024 oil price outlook by more than 70 cents, as it expects production restraint to lead to a relatively balanced oil market in the second half of the year. In its May Short-Term Energy Outlook, the EIA decreased its 2024 forecast ...
OPEC Lowers Its Demand Growth Outlook. Amidst plunging oil prices, OPEC cut its forecast for global oil demand growth in both 2024 and 2025, revising this year’s outlook to a still very ambitious 2.03 million b/d whilst cutting next year’s number marginally lower to 1.74 million...
In December 2024, the average price of one barrel of Brent crude oil was 73.86 U.S. dollars. This was the lowest figure in the past 24-month period. Lower oil demand in China and announcements that the OPEC were expecting to increase production led to this fall in prices. Brent terminolo...
In addition, OPEC output cuts are no longer made in a vacuum. U.S. oil output has made up any shortfall thanks to shale oil production, reaching a record in 2023. Veteran fund manager picks favorite stocks for 2024 Read More EnergyEconomyOilAutomotiveMarkets ...
BloombergNEF’s “2H 2024 US Clean Energy Market Outlook,” released at the end of October, examined the worst-case scenario, where control of both the Senate and the House leads to a full repeal of the IRA tax credits: The wind, solar, and energy storage sectors join...
Transformer Oil Market Industry Outlook Technology launches, acquisitions and R&D activities are key strategies players adopt in the transformer oil markets. The top 10 companies in the transformer oil market are: Nynas AB Ergon Inc. Calumet Specialty Products Partners, L.P. ...
01/31 Barron's Meet the Winner of Our 2024 Forecasting Quiz 01/31 Opinion Zuckerberg is following in Musk’s footsteps. Is it all because of AI? 01/31 Barron's Inflation Trends Could Keep Fed on Hold Until June, This Economist Says 01/31 Barron's The Stock Market Weathered Nvidia...
The industry research presented in the report includes valuable industry information, industry statistics, and industry trends, giving a clear market overview and market outlook. The report also provides market data and market predictions, offering insights into the industry size and industry sales. The...
The Global Automotive Engine Oils Market size is estimated at 17.28 Billion Liters in 2024, and is expected to reach 18.32 Billion Liters by 2026, growing at a CAGR of 2.97% during the forecast period (2024-2026). Largest Segment by Vehicle Type -Passenger Vehicles: The large fleet size ...