oil demand
-
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…
-
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…
-
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.
-
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…
-
OPEC Boosts Oil-Demand Outlook While Its Production Rises
EghtesadOnline: OPEC boosted estimates of demand for its crude this year and next amid stronger-than-expected fuel consumption and a weaker outlook for rival supply.
-
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…
-
Oil Caps Weekly Drop Amid Shaky OPEC Compliance, Weaker Demand
EghtesadOnline: Oil had its worst week in a month as compliance with OPEC’s deal falters and the outlook for demand worsens.
-
OPEC Wrestles Over Oil Output While Top Importer's Demand Is in Peril
EghtesadOnline: Oil bulls grappling with OPEC’s weakened resolve to curb output are also having to worry about waning demand in the world’s biggest buyer of overseas crude.
-
Oil prices stable as strong demand meets ongoing supply glut
EghtesadOnline: Oil prices were stable on Tuesday, supported by strong consumption but weighed by ongoing high supplies from producer club OPEC and also the United States.
-
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…
-
Oil gives up earlier gains as rising US output, China concerns weigh
EghtesadOnline: Oil prices gave up earlier gains on Tuesday, as concerns over slowing demand and a relentless rise in U.S. crude output undermined the impact of hopes that OPEC-led production…
-
Oil prices firm on strong demand, political uncertainty in Syria
EghtesadOnline: Oil prices were firm on Monday, supported by strong demand and political uncertainty in Syria, although another rise in U.S. drilling activity kept a lid on gains.
-
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…
-
Oil Demand at Risk as China Reins In Buyers That Bought Less
EghtesadOnline: Demand from some of the most coveted oil buyers may slow this year because they didn’t purchase all that they could in 2016.
-
Saudi will continue to meet global oil demand: energy minister
EghtesadOnline: Saudi Arabia's energy minister Khalid al-Falih said on Wednesday the kingdom is committed to meeting global oil demand, including from the United States, state news agency SPA…
-
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…
-
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…
-
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:…
-
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…
-
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.