By Finance Pulse in Oil Prices —

Record U.S. Oil Output and Weak China Demand Hit Market

Explore how record U.S. oil production and sluggish demand in China are affecting the global oil market and impacting major companies in 2024.

An artistic representation of oil rigs against a backdrop of a subdued economic graph, symbolizing the impact of U.S. oil production and China demand on prices.
Record U.S. Oil Output and Weak China Demand Hit Market

Oil prices in 2024 were influenced by record U.S. production and sluggish demand in China, impacting these companies adversely.

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