Sign Up
Stories
Oil Prices Plunge 20% as Demand Weakens
Share
China's Surge in Fossil Fuel Demand Driv...
China's Surge in Oil Demand and OPEC's D...
China's Surging Appetite Drives Global O...
Overview
API
Oil prices have plunged 20% from their year's peak due to weaker demand from the US and China. The decline is attributed to concerns over global demand, with weak economic data from around the world. The drop in prices is expected to influence Saudi Arabia's decision to extend oil output cuts into 2024.
Ask a question
How might the rebound in oil futures affect the market's direction?
How might the weaker demand from the US and China impact the global oil market?
What are the potential economic implications of Saudi Arabia extending oil output cuts?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Apr 2023
Jun 2023
Aug 2023
Oct 2023
Coverage
qcint