برچسب oil demand

OPEC Finally Catches a Break

EghtesadOnline: The key sign of OPEC’s success may finally be here. Since the Organization of Petroleum Exporting Countries embarked on its strategy to clear a global glut, analysts from Goldman Sachs Group Inc. to Bank of America Corp. have said that one critical indicator would show the plan is working: the discount on immediate crude would turn into a premium. That condition known as backwardation signals demand is outpacing supply.
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Publish Date:12/August/2017 | 06:24

Worried About Declining Oil Demand, OPEC Pledges Action

EghtesadOnline: OPEC and allied producers have pledged action to support the oil market as concerns mounted that a second wave of the Covid-19 pandemic will hobble demand and an earlier plan to raise output from next year would further depress prices.
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Publish Date:21/October/2020 | 13:13

Oil Drops Below $60 as China Virus Drives Demand Concern

EghtesadOnline: Crude prices extended declines on Monday, dropping below $60 for the first time in nearly three months as the death toll from China’s coronavirus rose and more businesses were forced to shut down, stoking expectations of slowing oil demand .
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Publish Date:28/January/2020 | 10:57

OPEC sees strong oil market, possible need for more output

EghtesadOnline: Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the group.
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Publish Date:19/June/2018 | 10:37

OPEC Sees ‘Healthy’ Oil Demand Growth to 2022

EghtesadOnline: Oil demand will grow at a “healthy pace” over the next five years as renewables show the fastest expansion of any type of energy, the head of the Organization of Petroleum Exporting Countries said.
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Publish Date:16/October/2017 | 10:53

Oil prices dip on further rise in U.S. drilling, demand slowdown

EghtesadOnline: Oil prices dipped on Monday, weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies despite an OPEC-led initiative to cut production to tighten the market.
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Publish Date:19/June/2017 | 04:37

OPEC Wins Plaudits for Oil Recovery, Yet Economy Lends a Hand

EghtesadOnline: OPEC may be getting all the credit for reviving the oil market, but it had a little help. While the Organization of Petroleum Exporting Countries did spur a 28 percent recovery late last year by announcing production cuts, supply isn’t the only factor buoying the market: demand repeatedly beat expectations in 2016, and is set to surprise again.
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Publish Date:16/February/2017 | 20:09

OPEC says members investing heavily to ensure oil supply

EghtesadOnline: OPEC members are investing heavily to ensure supplies can meet global oil demand , which is likely to continue to rise steadily, the group's secretary general told an energy conference on Monday.
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Publish Date:05/December/2016 | 10:51

Electric Cars Could Take an OPEC-Sized Bite From Oil Demand

EghtesadOnline: A boom in electric vehicles made by the likes of Tesla Motors Inc. could erode as much as 10 percent of global gasoline demand by 2035, according to the oil industry consultant Wood Mackenzie Ltd.
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Publish Date:04/December/2016 | 12:52

What OPEC’s Oil U-Turn Missed: Peak Demand Keeps Getting Closer

EghtesadOnline: OPEC’s decision last month to reverse its policy of unfettered production and cut oil output to boost prices may be at odds with the industry’s most important long-term trend: demand for what they produce could start falling within 15 years.
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Publish Date:17/October/2016 | 08:17

Oil Discoveries at 70-Year Low Signal Supply Shortfall Ahead

EghtesadOnline: Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since 1960. This year, they’ll probably find even less, spurring new fears about their ability to meet future demand.
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Publish Date:30/August/2016 | 10:26

Renewed oil weakness sparks demand fears

EghtesadOnline: U.S. oil prices topped $50 a barrel in June, boosting optimism a two-year price rout might end. Six weeks later, the long hoped for recovery has yet to take hold.
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Publish Date:26/July/2016 | 11:30