China’s economic slowdown is bad news for the energy sector
Its influence on global energy demand is waning
Its influence on global energy demand is waning
Government efforts to cut emissions failing amid growing demand for petroleum
OPEC+ expected to prolong its output cuts at its June meeting
How will that affect the world economy?
Geopolitical tensions also weigh on crude oil markets
Trade barriers, such as tariffs, could set the world economy on a downward spiral
If the geopolitical situation continues to deteriorate, more increases are expected
Cheap and discounted crude from Russia the major attraction
Crude markets skeptical of latest production cuts
And Middle East conflict has so far had limited impact on crude oil market
Oil markets grappling with rising tensions in the Middle East and Russian sanctions
OPEC and IEA clash on the future of global oil demand amid skyrocketing prices
Saudi Arabia, Russia playing a high-stakes game