Standard Chartered: Oil demand not as pessimistic as one might think
Oil prices have been on the decline this week, giving up gains from the past few weeks on the back of easing geopolitical fears and seemingly never-ending demand concerns. On…
Slower consumption hurts global demand for jet fuel; oil prices likely to fall
Global demand for aviation turbine fuel (ATF), or jet fuel, is expected to ease as the slowdown in consumer spending impacts people’s travel budgets. A change in the pattern could…
Oil price outlook: Markets could be impacted by global oversupply
Some of the largest oil refineries in the United States are cutting operations this quarter, heightening concerns that there could be a global oversupply of crude oil. Marathon Petroleum Corp.…
