The Vienna-based cartel now expects demand to rise by 1.3 million barrels a day this year and 1.28 million barrels a day the next, compared with previous projections of 1.45 million barrels and 1. ...

(Reuters) - JP Morgan on Monday lowered its oil price forecasts for 2025 and next year, citing higher production from OPEC+ and weaker demand. The bank cut its 2025 Brent price forecast to $66 per ...

signalling a strategy to capitalise on surging demand for generative AI models. In 2024, the total computing power operated by SenseCore grew by 92 per cent year on year to over 23,000 petaflops.

U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Thursday. EIA projected dry ...

BRUSSELS (Reuters) - The European Union could consider aggregating its member countries' demand to buy U.S. liquefied natural gas, as part of negotiations with President Donald Trump to try to ...

BRUSSELS (Reuters) - The European Union could consider aggregating its member countries' demand to buy U.S. liquefied natural gas, as part of negotiations with President Donald Trump to try to avert a ...

Zygimantas Vaiciunas said the EU's options to incentivise purchases of U.S. LNG included "demand aggregation", in which the European Commission would collate LNG demand from groups of EU countries ...