Oil demand: We are still in an oil bull market, analyst explains

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 76 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Oil 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.

Oil 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.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.

Ideally, you should have multiple income sources by the time you retire to remove the strain on government pensions. But you should still avoid a major CPP mistake. The post Retirees: Do NOT Make This Critical CPP Pension Mistake That Can Cost You Thousands appeared first on The Motley Fool Canada.Popular Mobile Games You Must Play In 2023

Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.The Top 10 Stocks to Own for the Next 10 Years [PREMIUM PICKS] These are the kinds of businesses that dominate their markets and end up rewarding investors time and again. The post The Top 10 Stocks to Own for the Next 10 Years [PREMIUM PICKS] appeared first on The Motley Fool Canada.The Toronto Stock Exchange's main stock index has given up all of its gains for 2023, as investors head for the exits as the realization that high interest rates are going to stick around settles in.The S&P/TSX Composite Index lost more than 264 points, or 1.

'We had to put our life and goals on hold': This YouTuber blasted parents who don't have a secure retirement as 'irresponsible' — saying the kids will feel obligated to help. Is he right?These TSX giants deserve to be on your radar. The post Canadian Blue-Chip Stocks: The Best of the Best for October 2023 appeared first on The Motley Fool Canada.Fortis stock and another top dividend grower that's worth hanging onto amid turbulence.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Earnings, September jobs report: What to watch this weekThe first week of October is off to a busy start. Yahoo Finance’s Josh Schafer takes a dive into what investors should look out for, including earnings from Levi Strauss & Co. (LEVI) and cannabis company Tilray Brands (TLRY), as well as the September jobs report expected out on Friday. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »