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☆ Oil market faces a rude awakening if Iran’s energy infrastructure is targeted, analysts say
▼ + stars: | 2024-10-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

It comes amid speculation that Israel could be planning to launch a retaliatory attack on Iran targeting its oil infrastructure — a prospect which would likely deliver a rude awakening to bearish energy market participants. Iran, which is a member of the Organization of the Petroleum Exporting Countries (OPEC), is a major player in the global oil market. So much so, it is estimated that as much as 4% of the world's supply could be at risk if Iran's oil infrastructure becomes a target for Israel. That, of course, would add a significant risk premium to oil," Schieldrop said. Situated between Iran and Oman, the Strait of Hormuz is a narrow but strategically important waterway that links crude producers in the Middle East with key markets across the world.

Persons: Bjarne Schieldrop, SEB, Schieldrop Organizations: CNBC, Organization of, Petroleum, Israel Locations: Isfahan Refinery, Iran, Isfahan, Israel, Strait, Hormuz, Oman

☆ CNBC Daily Open: Soft landing hit by minor turbulence
▼ + stars: | 2024-10-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Mark Felix | Afp | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Port workers along the U.S. East Coast and Gulf Coast started striking Tuesday. It's just the first days of the port strike and flare-up in Middle East tensions, however. The best-case scenario would be that recent events are just minor turbulence on the way to a soft landing.

Persons: Mark Felix, Kathy Hochul, Adam Kamins, Christopher Ball, Piper Sandler, Campbell, It's, Steve Liesman, Jeff Cox, Fred Imbert, Lori Ann LaRocco, Sean Conlon, Alex Harring, Brian Evans Organizations: Afp, Getty, CNBC, U.S ., Gulf Coast, New, Moody's, Quinnipiac University, Nasdaq, Nvidia, Apple Locations: Seabrook , Texas, Port, U.S, U.S . East Coast, New York, New Jersey, Iran, Major U.S, East

☆ Saudi minister says crude prices could fall 33% if OPEC members don't stop pumping so much
▼ + stars: | 2024-10-02 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Saudi Arabia's oil minister says crude prices could fall as low as $50 per barrel. AdvertisementSaudi Arabia's oil minister says oil prices could fall as low as $50 per barrel if OPEC+ keeps overproducing, according to a Wall Street Journal report. $50 per barrel oil would drag Brent crude, the international benchmark, down 33% from current levels. The Saudi minister called out Iraq, which surpassed its quota by 400,000 barrels per day in August, according to S&P Global Ratings data. The OPEC leader caused prices to fall below $10 per barrel in 1986 after boosting output to penalize other producers.

Persons: —, Prince Abdulaziz bin, Brent, That's Organizations: Service, Wall, Financial Times, OPEC Locations: Saudi, Lebanon, Iran, Kazakhstan, Riyadh, Iraq, Saudi Arabia, OPEC

☆ Israel retaliation may target Iran oil infrastructure, boosting prices further, Wall Street analysts say
▼ + stars: | 2024-10-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

The expanding war in the Middle East, however, has reached a new boiling point as Israel has vowed a "painful" response to Iran's attack. The government of Prime Minister Benjamin Netanyahu could take aim at the Islamic Republic's oil infrastructure in retaliation, geopolitical and crude market analysts say. "The next turn in this retaliation spiral may very well involve oil – via the degrading of Iran's oil capacityor Iran's proxies attacking oil and gas shipping from the Persian Gulf," Piper Sandler analysts told clients in a Wednesday research note. If Iran's oil exports of around 1.8 million bpd were taken offline, prices would likely jump by at least $5 per barrel, McNally said. An escalation on this scale could send oil prices higher in increments of $10 per barrel, the analyst said.

Persons: Ali Mohammadi, Benjamin Netanyahu, Helima Croft, Jack Jacobs, Jacobs, Croft, Piper Sandler, Bob McNally, McNally Organizations: Persian Gulf, Bloomberg, Getty, OPEC, RBC Capital Markets, U.S, Army, Rapidan Energy Locations: Bandar Abbas, Iran, Israel, China, Persian

☆ As Netanyahu vows Iran payback, markets watch for dangers of further escalation
▼ + stars: | 2024-10-02 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Markets are now braced for what could follow a likely Israeli retaliation against Iran. watch nowOil prices gained over 5% in the previous session following the missile strike, before tapering to a 2.5% climb. Oil infrastructure 'tempting targets for Israel'Lewis Sage-Passant, an adjunct professor of intelligence at Sciences Po in Paris, described energy markets as jittery, as investors watch for Israel's next moves. Even without direct targeting, much of the world's oil infrastructure sits under these missile's flight paths, so naturally everyone is very nervous." Questions remain whether a strong Israeli response would restore deterrence or trigger further escalation from Iran and tip the nations into a full-blown war.

Persons: Amir Cohen, Hassan Nasrallah, Lewis Sage, Jake Sullivan, Roger Zakheim, what's, Zakheim, Abbas Araghchi, Sara Vakhshouri Organizations: Reuters Israel's, Brent, West Texas, Isles, RBC Wealth Management, Sciences Po, Israel, Energy, U.S . National, Ronald Reagan Institute, Investments, Saab, BAE Systems, Thales, Rheinmetall, Iran's, SVB Energy Locations: Ashkelon, Israel, Tel Aviv, Iran, Tehran, London, Asia, Paris, U.S, Washington

☆ Oil prices rise on escalating attacks in the Middle East
▼ + stars: | 2024-10-02 | by ( ) www.cnbc.com time to read: +2 min

Storage tanks and oil processing facilities operate at Saudi Aramco's Ras Tanura oil refinery and terminal in Ras Tanura, Saudi Arabia, on Oct. 1, 2018. Oil prices rose on Wednesday on fears conflict in the Middle East could turn into a wider war and disrupt oil supply from the key producing region after Iran fired ballistic missiles at Israel. Iran's oil output rose to a six-year high of 3.7 million barrels per day in August, ANZ added. "Iran accounts for about 4% of global oil output, but an important consideration will be whether Saudi Arabia increases production if Iranian supplies were disrupted." "Any suggestion that production hikes will proceed could offset concerns of supply disruptions in the Middle East," ANZ's note said.

Persons: Brent, Israel, Benjamin Netanyahu, Joe Biden Organizations: U.S, West Texas, Organization of, Petroleum, ANZ Research, ANZ, Israel, . Security, American Petroleum Institute Locations: Saudi, Ras Tanura, Saudi Arabia, Iran, Israel, Lebanon, Tehran, OPEC, Russia, U.S

☆ CNBC Daily Open: Minor turbulence for the soft landing
▼ + stars: | 2024-10-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Kirk Side | Houston Chronicle | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Port workers along the U.S. East Coast and Gulf Coast started striking Tuesday. Higher oil prices pose a risk to inflation resurging, or at least slowing less than everyone is hoping for. The best-case scenario would be that recent events are just minor turbulence on the way to a soft landing.

Persons: Seabrook . Kirk, Kathy Hochul, Adam Kamins, Christopher Ball, Piper Sandler, Campbell, It's, Steve Liesman, Jeff Cox, Fred Imbert, Lori Ann LaRocco, Sean Conlon, Alex Harring, Brian Evans Organizations: Houston Chronicle, CNBC, U.S ., Gulf Coast, New, Moody's, Quinnipiac University, Nasdaq, Nvidia, Apple Locations: Seabrook ., Port, U.S, U.S . East Coast, New York, New Jersey, Iran, Major U.S, East

☆ Excess OPEC capacity keeping oil prices from spiking after Iran attack, says CIBC's Rebecca Babin
▼ + stars: | 2024-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExcess OPEC capacity keeping oil prices from spiking after Iran attack, says CIBC's Rebecca BabinRebecca Babin, CIBC Private Wealth senior energy trader, joins 'Squawk Box' to discuss oil price trends, impact of Iran's ballistic missile attack on Israel, Saudi oil minister's warning to fellow OPEC members, and more.

Persons: CIBC's Rebecca Babin Rebecca Babin Organizations: CIBC Private Wealth Locations: Iran, Israel, Saudi

☆ Crude oil jumps nearly 3% as Israel vows 'painful' response to Iran missile attack
▼ + stars: | 2024-10-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil rose nearly 3% on Wednesday as traders fear Israel could target Iran's oil infrastructure in retaliation for a ballistic missile attack. Israel's ambassador to the United Nations, Danny Danon, vowed late Tuesday that Israel will exact a "painful" response against Iran. Danon's threat came hours after the Islamic Republic launched around 180 ballistic missiles at Israel in retaliation for the assassination of top Hamas and Hezbollah leaders. Israel might take aim at Iran's oil industry to hit Tehran's income and degrade its ability wage war, they said. OPEC+ is planning to increase oil production in December, and U.S. output has been set records.

Persons: Danny Danon, Piper Sandler, Goldman Sachs, Yulia Zhestkova Grigsby Organizations: United Nations, Islamic Locations: Israel, Iran, Islamic Republic, Persian, China

☆ Oil prices could be on a trajectory to $60 per barrel or below: Bob McNally
▼ + stars: | 2024-10-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil prices could be on a trajectory to $60 per barrel or below: Bob McNallyBob McNally of Rapidan Energy Group says that Iraq and Kazakhstan not participating in collective supply management measures could lead to a collapse in oil prices if OPEC+ decides to "sweat" the producers.

Persons: Bob McNally Bob McNally Organizations: Bob McNally Bob McNally of Rapidan Energy Group Locations: Iraq, Kazakhstan

☆ China's economic issues are so serious that even the oil market doesn't care about Middle East tensions — for now
▼ + stars: | 2024-10-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's slowing crude demand growth and economic struggles are dampening oil market sentiment. Global benchmark Brent crude oil futures were up 0.17% to $71.82 per barrel at 2.14 a.m. This would be a big shift in policy, since Saudi Arabia has been leading OPEC and the group's allies, including Russia, in maintaining oil supply cuts since late 2022. AdvertisementDespite the downside pressure on oil prices, things could change quickly if geopolitical uncertainty rises further in the Middle East. The US may also provide some support to the market as crude oil inventories hit a two-and-a-half year low as of September 20, the latest data available.

Persons: Israel, —, Henning Gloystein, Xi Jinping, Brent, Naeem Aslam, Aslam Organizations: Service, Israel, Brent, Benchmark, Texas, Eurasia Group, Beijing, BMI, Financial Times, London Locations: Lebanon, Brent, China, Saudi Arabia, Russia

☆ Israeli forces launch ground offensive in Lebanon as markets fear escalation
▼ + stars: | 2024-10-01 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +5 min

NEBATIEH, LEBANON - SEPTEMBER 28: Smoke rises after Israeli attacks over Shebaa town of Nabatieh province on September 28, 2024. The Israeli air and artillery forces are supporting the offensive, the IDF said. Hezbollah said that claims that Israel had entered Lebanon are "false," reporting no "direct ground clashes," according to a Google-translated statement. Historically sensitive to geopolitical tremors, oil prices have resisted long-term spikes, reined in by the specter of waning global demand and potential supply increases. On its own, this escalation would point to higher oil prices and inflation.

Persons: Ramiz Dallah, Jalaa Marey, Hassan Nasrallah, Yoav Gallant, Lloyd Austin, Israel, Amir Yaron, specter Organizations: Getty Images, Anadolu, Getty, Israel, Israel's Defense Forces, White House, NBC, Brent, Afp, Jewish, Palestinian, Hamas, Israeli, U.S, United Nations, Reuters, Capital, Gulf Cooperation Council Locations: NEBATIEH, LEBANON, Shebaa, Nabatieh, Anadolu, Iran, Lebanon, Israel, London, Galilee, Gaza, Lebanese, Beirut's, U.S, Saudi Arabia

☆ U.S. crude oil drifts lower, trades below $68 per barrel despite war in Lebanon
▼ + stars: | 2024-10-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil prices drifted lower Tuesday as the risk of rising supply from OPEC+ overshadows a dramatic escalation of the war in the Middle East. Israel has dispatched ground forces into southern Lebanon after pounding the Iran-backed militia Hezbollah with airstrikes for days, eliminating much of the group's leadership. For now, traders remain focused on weak demand in China and the prospect of OPEC+ producing more oil starting in December, Croft said. Here are Tuesday's energy prices at 8:43 am ET:OPEC leader Saudi Arabia might be prepared to allow more oil back onto the market to pressure members such as Iraq with lower oil prices, said Bob McNally, president of Rapidan Energy. Saudi has become increasingly frustrated with Iraq producing more crude than then their production targets, McNally said.

Persons: we've, Helima Croft, CNBC's, Croft, Bob McNally, McNally Organizations: RBC Capital Markets, Rapidan Energy, Saudi Locations: East, Israel, Lebanon, Iran, China, Saudi Arabia, Iraq

☆ U.S. crude oil on pace for third monthly loss in a row in September
▼ + stars: | 2024-09-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil prices are on pace for a third monthly loss in a row in September as rising supplies from OPEC+ and weak demand in China haunt the market. The U.S. benchmark has declined more than 7% for the month, while global benchmark Brent has fallen about 9%. "Oil markets are experiencing a panic attack," Amarpreet Singh, energy analyst at Barclays, told clients in a Friday note. Here are Monday's energy prices:Oil prices remain under pressure in part because OPEC+ plans to begin increasing production in December, and as demand in China, the world's largest crude importer, remains soft. The Netanyahu government is pummeling the Iran-backed militia group, with concerns growing that Israel might launch a ground operation in Lebanon.

Persons: Amarpreet Singh, Brent, Israel, Hassan Nasrallah, Netanyahu, Daan Struyven, Goldman Sachs Organizations: Brent, Barclays Locations: China, U.S, OPEC, Beirut, Iran, Israel, Lebanon, Libya, Saudi Arabia

☆ Iran's response to Israel will be a choice between revenge and survival. Markets say it's choosing survival
▼ + stars: | 2024-09-30 | by ( Natasha Turak | ) www.cnbc.com time to read: +7 min

Iran's Supreme Leader Ayatollah Ali Khamenei waves before voting in the country's presidential election, in Tehran, Iran July 5, 2024. Iran's generals and its supreme leader Ayatollah Ali Khamenei have pledged revenge, but their actions and language suggest a more measured response so far. "Iran's response options aren't good. on September 16, 2024 in Tehran, Iran. FILE PHOTO: Lebanon's Hezbollah leader Sayyed Hassan Nasrallah gestures as he addresses his supporters during a rare public appearance at an Ashoura ceremony in Beirut's southern suburbs November 3, 2014.

Persons: Ayatollah Ali Khamenei, Hassan Nasrallah, pagers, "⁠, Behnam ben Taleblu, Ismail Haniyeh, Khamenei, Iran's, Masoud Pezeshkian, Majid Saeedi, Pezeshkian, Yemen's, Sina Toossi, Houssam, Toossi, Yoav Gallant, Naim Qassem, Sayyed Hassan Nasrallah, Hasan Shaaban Organizations: Iran's, Reuters, Lebanese, Brent, Foundation for Defense of Democracies, CNBC, Islamic, Getty, Center for International, Anadolu, Israeli, Hamas, Hezbollah Locations: Tehran, Iran, Israel, Beirut, OPEC, Islamic Republic, Red, Lebanon, Iraq, Syria, Yemen, Beirut's

☆ FTC clears Chevron-Hess deal, bans John Hess from board
▼ + stars: | 2024-09-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

John Hess, chief executive officer of Hess Corp., speaks at the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Tuesday, March 19, 2024. The Federal Trade Commission has banned Hess Corp . CEO John Hess from Chevron 's board as a condition for the oil companies' $53 billion merger to move forward. Hess Corp. and Chevron, however, have agreed that they will not appoint Hess to the board in order to facilitate the completion of the merger, according to the companies. The FTC voted 3 to 2 in favor of the order banning Hess from Chevron's board.

Persons: John Hess, Hess, Lina Khan, Andrew Ferguson, Hess's, Ferguson, Scott Sheffield Organizations: Hess Corp, P Global, Federal Trade Commission, Chevron, FTC, ., Exxon Mobil, Exxon, Democratic, Natural Resources, OPEC Locations: Houston , Texas, Chevron, Guyana, U.S

☆ Oil prices rise on Middle East supply risks as Israel steps up attacks
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: +2 min

An oil platform in the Red Sea in Ras Behar region, Egypt on January 29, 2023. Oil prices edged higher on Monday on increasing concerns of potential supply disruptions from the Middle East producing region after Israel stepped up attacks on Iranian-backed forces. Brent crude futures for November delivery increased 16 cents, or 0.22%, to $72.14 a barrel as of 0043 GMT. That contract expires on Monday and the more-active contract for December delivery gained 10 cents, or 0.14%, to $71.64. "The recent escalation of attacks in the Middle East is increasing the likelihood of Iran being directly dragged into the conflict, putting a significant risk around supply disruptions at the OPEC producer," ANZ Research said in a note.

Persons: Brent, WTI, Israel, Iran's, Sayyed Hassan Nasrallah, Lloyd Austin, Jerome Powell Organizations: . West Texas, Organization of, Petroleum, Hezbollah, ANZ Research, Lebanon . U.S . Defense Locations: Red, Ras Behar, Egypt, Israel, China, Iran, OPEC, Yemen, Lebanon . U.S, Washington, Libya

☆ Oil markets not pricing in an 'all-out war' after Israel kills Hezbollah leader, but risks persist
▼ + stars: | 2024-09-30 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

While hostilities throughout the Middle East have ramped up, there has not been any oil supply disruption, observed Andy Lipow, president at Lipow Oil Associates. "The oil market does not expect an all-out war between Iran and Israel that would impact supply," he told CNBC via email. However, both experts noted that a rapid escalation in conflict could lead to crude oil prices hitting $100 per barrel. While unlikely, oil prices would jump by $30 per barrel if it occurred, he added. "If events rapidly spiral, any material disruption to Iranian oil supplies or oil exports through the Strait of Hormuz could send oil prices well over $100 per barrel," said Young.

Persons: Hassan Nasrallah, Nasrallah, Andy Lipow, Lipow, Josh Young, Young Organizations: State, Company, Venezuelan, Company SA, Israel Defense Forces, Hezbollah, U.S, National Intelligence, London Assembly, Brent, West Texas Intermediate, Lipow Oil Associates, CNBC, U.S ., U.S . Energy Information Administration, Hamas Locations: Venezuela, Beirut, Iran, Israel, U.S . Canada, Guyana, Straits, Hormuz, Oman, Lebanon

☆ U.S. crude oil heads for weekly loss as Saudi supplies look set to return
▼ + stars: | 2024-09-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil on Friday was on pace for its first weekly loss in three weeks, as the prospect of growing oil supplies from Saudi Arabia overshadowed China's efforts to stimulate its economy. The U.S. benchmark West Texas Intermediate is down nearly 6% this week, while global benchmark Brent has pulled back nearly 4%. OPEC+ recently postponed planned output hikes from October to December, but analysts have speculated that the group might delay the hikes again because oil prices are so low. The oil selloff erased gains from earlier in the week after China unveiled a new round of economic stimulus measures. Soft demand in China has been weighing on the oil market for months.

Persons: there's, Dan Yergin, CNBC's, There's, Yergin Organizations: Texas, Brent, P Global, Oil Locations: Saudi Arabia, U.S, Israel, Lebanon, OPEC, China

☆ Oil prices fall as expectations of higher supplies hammer market sentiment
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell for a third day on Friday, on course to end the week lower, as investors focused on expectations of higher supplies from Libya and the broader OPEC+ group of oil exporters. Oil prices fell for a third day on Friday, on course to end the week lower, as investors focused on expectations of higher supplies from Libya and the broader OPEC+ group of oil exporters. "The big-ticket items on the markets radar this week have been Libya and OPEC+," analysts at FGE Energy told clients on Thursday. A media report on Wednesday claimed the previously announced reversal is due to Saudi Arabia's decision to abandon a $100 oil price target and gain market share, causing oil prices to slide by 3% in the previous session. Still, the report has set off renewed speculation about a battle for market share at a time that investor sentiment was already at record lows, FGE noted.

Persons: Brent, Daniel Hynes, FGE Organizations: OPEC, Brent, U.S, West Texas, FGE Energy, Central Bank of, ANZ Bank, Organization of Petroleum, Reuters, ICE Brent Locations: Libya, OPEC, Central Bank of Libya, Saudi, Saudi Arabia

☆ Oil alliance OPEC+ zeroes in on group compliance after postponing output hike
▼ + stars: | 2024-09-27 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

The OPEC+ alliance is once more cracking down on group compliance with oil output cuts, as it presses ahead with a three-pronged plan of formal and voluntary production trims. Eight OPEC+ members, including kingpin Saudi Arabia, were due to begin returning 2.2 million barrels per day of voluntary cuts to the market starting in October. Earlier this month, they postponed this phaseout to start in December instead. OPEC+ nations are operating two other production declines: under official policy, they will produce a combined 39.725 million bpd next year. The same aforementioned eight members are separately curbing their output by another 1.7 million bpd throughout 2025, also on a voluntary basis.

Persons: Undercompliance Organizations: CNBC Locations: OPEC, Iraq, Kazakhstan, Russia, Saudi Arabia, China

☆ Analyst discusses Saudi Arabia's $100-per-barrel oil price target
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst discusses Saudi Arabia's $100-per-barrel oil price targetCarole Nakhle, founder and director of Crystol Energy, says the oil price target may be more of an "indirect message" from Saudi Arabia, to those who undercomply with their commitments within the OPEC+ alliance.

Persons: Carole Nakhle Organizations: Saudi, Crystol Locations: Saudi Arabia, OPEC

☆ Why oil prices have plunged 3% today
▼ + stars: | 2024-09-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Saudi Arabia is committed to boosting oil output in December, the FT reported. The kingdom is resigning itself to a period a lower prices, sources told the FT.Oil markets spiraled on the news, falling as much as 4% on Thursday. AdvertisementA report that Saudi Arabia would ditch its unofficial crude price target sent crude oil prices sharply lower on Thursday. In essence, the kingdom is giving in to lower prices, FT sources said. The eastern-based faction has committed to reopening the country's oil fields in response, a move that could bring more crude output back online.

Persons: —, Brent Organizations: FT ., Service, Financial Times, West Texas Intermediate, Saudi, Bloomberg Locations: Saudi Arabia, Riyadh, Iraq, Kazakhstan, China, Libya

☆ CNBC Daily Open: Some caution might be good for markets
▼ + stars: | 2024-09-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. While analysts think this move may mark the end of China's deflationary streak, many think monetary policy is not enough. How much will oil demand grow? The International Energy Agency thinks oil demand will level off at 106 million barrels per day by the end of the decade.

Persons: Larry Hu, Consumer's, September's, Dow Organizations: CNBC, Dow Jones, U.S ., People's Bank of China, Macquarie, International Energy Agency, U.S, U.S . Federal, Barclays, Citi Locations: Corte Madera, Corte Madera , California, Asia, Pacific, China, U.S .

☆ CNBC Daily Open: It might be better economic data isn’t all rosy
▼ + stars: | 2024-09-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. How much will oil demand grow? Oil demand will experience "robust medium-term growth," reaching 112.3 million barrels per day in 2029 from 102.2 million barrels per day in 2023, according to OPEC's 2024 World Oil Outlook report. The International Energy Agency thinks oil demand will level off at 106 million barrels per day by the end of the decade.

Persons: Stocks, Consumer's, September's, Dow, Goldman, Denis Coleman, Jamie Dimon, JPMorgan Chase Organizations: CNBC, Dow Jones, U.S . Federal, JPMorgan, International Energy Agency

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