Don't Ignore These 3 Large-Cap Energy Stocks Yielding Over 4%
Chevron(CVX) ZACKS·2024-08-16 21:50
Pulled down by multiple factors, U.S. oil prices have been struggling to get past the $80-a-barrel level. The EIA's revised forecast of global crude consumption at 104.5 million barrels per day for 2025, down 200,000 barrels from prior estimates, reflects concerns over a potential U.S. recession and a decelerating Chinese economy.With a reduced demand growth rate of 1.6%, these factors have been exerting downward pressure on oil prices, highlighting vulnerabilities in global oil demand driven by economic un ...