November 09, 2024 20:11 (IST)
Oil prices tumble on weak demand concerns, Brent dips below $70, near 3-yr low
Brent futures fell below $70 a barrel for the first time since December 2021, marking a new low in a price slump driven by strong supply, demand concerns, and heavy speculative selling, according to Bloomberg.
IEA believes global oil demand to fall by 8.6mln bpd in 2020
Moscow/Sputnik: The International Energy Agency (IEA) said on Thursday that the global oil demand in 2020 would fall by 8.6 million barrels per day, revising downward its previous report.
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IEA believes global oil demand to fall by 8.6mln bpd in 2020 Thu, May 14 2020