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2024-12-20 02:36:52
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2024-12-20 02:36:52Event JSON
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"Oil prices declined in early trading on Friday as worries about demand growth in 2025, especially in top crude importer China, weighed on global oil benchmarks. China's state-owned refiner Sinopec predicted that the country's oil imports could peak as soon as 2025 and consumption would peak by 2027. The dollar's climb to a two-year high also impacted oil prices, making oil more expensive for holders of other currencies. Additionally, J.P. Morgan forecasts a surplus of 1.2 million barrels per day in 2025, and G7 countries are considering ways to tighten the price cap on Russian oil."
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