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Tag: Demand Outlook

Oil price holds after three-day rally as Libya heightens supply concerns

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Oil price holds after three-day rally as Libya heightens supply concerns

(Bloomberg) — Oil prices have stabilized after a three-day rally, with the threat of a supply freeze from Libya weighing on the still uncertain demand forecast. Most read by Bloomberg Brent oil traded above $81 a barrel, having gained about 7 percent since Wednesday, its biggest three-day winning streak since April last year. West Texas […]

Singapore’s 2024 GDP growth is at the upper end of the forecast

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Singapore’s 2024 GDP growth is at the upper end of the forecast

(Bloomberg) — Singapore expects the island’s economy to grow 2 to 3 percent this year, but the forecast is supported by robust external demand despite ongoing risks. Most read by Bloomberg The Ministry of Trade and Industry’s updated growth forecast was released on Tuesday along with final second-quarter gross domestic product figures, showing that growth […]