Created
: 2025.04.11
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
EIA lowers forecast for global oil demand and US oil production - Commerzbank
World FX news
Breaking news
EIA lowers forecast for global oil demand and US oil production - Commerzbank
New
2025.04.11 20:20
2025.04.11 20:20
2025.04.11 20:20
The US Energy Information Administration (EIA) has revised its forecast for global oil demand downwards, Commerzbank's commodity analyst Carsten Fritsch notes.
Oversupply fears push oil price outlook lower
"It now expects an increase of only 900 thousand barrels per day this year and 1 million barrels per day next year. Previously, the expected increase was 1.2 million barrels per day in each case. According to the EIA, the weaker demand and the stronger production increase by OPEC+ are likely to lead to a greater oversupply on the oil market in the second half of the year."
"As a result, the EIA also significantly lowered its assumptions for oil prices. In response, the EIA also reduced its forecast for US crude oil production. This is only expected to increase by 300,000 barrels per day in 2025 and to virtually stagnate next year."
Last updated
: 2025.04.11
Related articles
WTI drifts higher to near $63.50 on trade deal hopes, fresh Iran sanctions
2025.04.18 13:28Crude Oil price today: WTI price bullish at European opening
2025.04.17 16:21WTI holds gains near $62.50 due to concerns over tighter global supply
2025.04.17 13:05US Treasury Secretary Bessent: The US is ready to get Iran's energy exports to zero
2025.04.17 04:12Safety, export markets and oil as drivers - Commerzbank
2025.04.16 19:47Crude Oil price today: WTI price bearish at European opening
2025.04.16 16:46
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
ECB's Villeroy: Inflation risk from trade tensions seems weak
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday that the inflation risk from trade tensions seems weak and could even be downward, per Reuters.
New
2025.04.18 16:41AUD/JPY trades below 91.00 as Japan's core inflation rises in March
AUD/JPY retraces its recent gains from the previous session, trading around 90.80 during the European hours on Friday. The currency cross remains under pressure as the Australian Dollar (AUD) weakens in light trading, with local markets closed for the Good Friday holiday.
New
2025.04.18 16:38Forex Today: Markets stabilize as trading volume thins out on Easter Friday
Here is what you need to know on Friday, April 18:
New
2025.04.18 16:32US Dollar Index hovers near 99.50 as trading activity remains muted due to Good Friday
The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is remaining below 99.50 during the early European hours on Friday. The Greenback remains subdued amid growing concerns over the economic impact of tariffs on the United States (US).
New
2025.04.18 16:08EUR/JPY holds steady above 161.50 amid thin trading volume on Good Friday
The EUR/JPY cross trades flat near 161.85 during the early European session on Friday. US President Donald Trump's trade war remains a source of deep uncertainty. However, Trump on Thursday offered some encouraging signals that negotiations with other countries could lead to lower tariffs.
New
2025.04.18 15:52USD/JPY Price Analysis: Holds losses below 142.50, support appears at seven-month lows
USD/JPY inches lower after registering gains in the previous session, trading around 142.40 during the Asian session on Friday. An analysis of the daily chart showed the pair moves downward within a descending channel, indicating a confirmed bearish bias.
New
2025.04.18 15:45USD/CHF remains below 0.8200 due to muted trading activity
USD/CHF slipped slightly during Friday's Asian trading hours, hovering around 0.8180, after posting gains in the previous session. The pair is under pressure as the US Dollar weakens amid mounting concerns over the economic fallout from US tariffs.
New
2025.04.18 14:39EUR/USD Price Forecast: Gathers strength above 1.1350, bullish bias remains
The EUR/USD pair strengthens to around 1.1370 during the early European trading hours on Friday. Hopes for a trade deal between the United States (US) and the European Union (EU) provide some support to the Euro (EUR). Trading volume is likely to be lightened on Good Friday.
New
2025.04.18 14:21WTI drifts higher to near $63.50 on trade deal hopes, fresh Iran sanctions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.50 during the Asian session on Friday. The WTI price edges higher to a two-week high amid hopes for a trade deal between the United States and the European Union and fresh US sanctions on Iran.
New
2025.04.18 13:28USD/CAD moves above 1.3850, upside seems restrained due to improved Oil prices
USD/CAD halts its two days of losses, trading around 1.3860 during the Asian hours. However, market activity is expected to remain subdued due to the Good Friday holiday.
New
2025.04.18 13:21Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
