IEA sees oil demand growth falling to lowest level in years as global economy stalls [CNBC]
Diamond Offshore Drilling, Inc. (DO)
Last diamond offshore drilling, inc. earnings: 2/10 06:00 am
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Source: CNBC
IEA sees oil demand growth falling to lowest level in years as global economy stalls An employee stands on the deck of a pilot boat in view of the Ocean Princess oil platform, operated by Diamond Offshore Drilling Inc., in the Port of Cromarty Firth in Cromarty, U.K. Mathew Lloyd | Bloomberg | Getty Images The International Agency (IEA) slashed its estimate for global oil demand growth for the second consecutive month on Friday, citing intensifying trade concerns amid fears of a global recession. The energy agency's closely-watched report comes as world oil markets have undertaken a dramatic shift in recent months, switching from supply-side risks like 's U.S. Iran "Until recently, the focus has been on the supply side with the familiar list of uncertainties – Iran, , Libya, and the Vienna Agreement – lifting Brent "Now, the main focus is on oil demand as economic sentiment weakens." International benchmark Brent crude traded at around $61.39 Friday morning, up 0.1%, while U.S. Wes
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- 2/27/24 - Miss