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DeepSeek questions the need for data center investments, suggesting fewer centers may lower energy demand
Oil markets faced pressure from weak PMI data from China, indicating ongoing struggles in business activity
Non-hydrocarbon sectors thrive due to tourism, construction, public spending, and growth in financial services
West Texas Intermediate crude futures dropped 0.6 percent to $74.21 per barrel
West Texas Intermediate crude futures dropped by 0.2 percent, settling at $75.27 per barrel
Oil demand in 2025 is projected at nearly 106 million barrels per day, up from 104.6 million
West Texas Intermediate crude futures saw a 0.9 percent decline, reaching $76.69 per barrel
Crude oil WTI futures expiring in March rose 0.5 percent to $78.24 a barrel
The 2026 outlook matches OPEC's long-term view that oil consumption will keep increasing over the next two decades
Crude oil WTI futures expiring in March rose 0.4 percent to $79.01 a barrel
Since October 2022, the organization has cut crude oil production by 5.8 million barrels per day
Brent crude futures for March delivery decreased by 0.5 percent, settling at $75.79 per barrel
