WS #10099
OPEC forecasts no peak oil demand and raises 2050 demand to 124 mb/d, supporting long-term oil investment. Ukrainian drones hit Moscow's Kapotnya oil refinery for the second time in three days, causing major fires and disrupting flights, bullish for oil and bearish for airlines. Trump signs 14-point agreement with Iran to reopen Strait of Hormuz, providing a counter-signal to oil supply fears and lowering oil prices.
OPEC long-term oil demand outlook
OPEC forecasts no peak oil demand and raises 2050 demand to 124 mb/d, supporting long-term oil investment.
Ukrainian drones hit Moscow's Kapotnya oil refinery for the second time in three days, causing major fires and disrupting flights, bullish for oil and bearish for airlines.
Trump signs 14-point agreement with Iran to reopen Strait of Hormuz, providing a counter-signal to oil supply fears and lowering oil prices.