Parvin Faghfouri Azar

Oil Market Bracing for Red Sea Chaos to Last Weeks

The oil market appears to be bracing for a weeks-long disruption to shipping in the southern Red Sea, where Houthi militants have for months been attacking merchant vessels in response to Israel’s war in Gaza. Charters of tankers to haul crude and fuels “- which for some vessels are arranged …

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OPEC Sees Strong Oil Demand Growth in 2025

Higher global economic growth and solid activity in China will see robust world oil demand growth of 1.8 million barrels per day (bpd) in 2025, OPEC said on Wednesday in its first outlook into next year’s demand levels. OPEC expects global economic growth at 2.8% in 2025, up from the …

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