Energy Shares Seen Under Pressure as OPEC Cuts Demand Growth Outlook

MT Newswires Live09-11

Energy Shares Seen Under Pressure as OPEC Cuts Demand Growth Outlook A bleak outlook on the oil market dampened prospects for energy companies such as Santos (ASX:STO), Woodside Energy Group (ASX:WDS)...

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about 40,000 bpd than earlier estimates.The OPEC said ongoing challenges in China, the world's largest crude customer, are expected to impact demand.\"[H]eadwinds in the real estate sector and the increasing penetration of LNG trucks and electric vehicles are likely to weigh on diesel and gasoline demand going forward,\" the cartel said in a report published on Sept. 10.Brent crude oil was down to $69.19 per barrel on the ICE Futures Exchange in the wake of the report.","kind":null,"is_publish_news":false,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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