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Oil demand
Crude Oil
Goldman Sachs Sees $105 Oil In 2023
Oil prices could hit $100 this year and rise to $105 per barrel in 2023, on the back of a “surprisingly large deficit” on the oil market now due to the much m…
Carbon Emissions
CO2 Plans could Drive up EU Fuel Oil Exports
EU proposals to add CO2 emissions costs and taxes to conventional marine fuel prices starting in 2023 could reduce Europe's residual fuel oil demand for bunkeri…
Crude Oil
IEA Says Oil Demand more Resilient than Expected in the Face of Omicron
Global oil demand has proven stronger than expected as the latest coronavirus variant inflicts a softer hit to the economy than anticipated.
Crude Oil
China Oil Demand Seen Peaking In 2030
Crude oil demand in China is set to peak in 2030, until then driven by robust petrochemicals demand, research from state oil giant CNPC has suggested.
Crude Oil
Goldman Says Oil could hit $100, Demand might Reach ‘New Record High’ in the Next Two Years
Goldman Sachs predicts a new high in oil demand in 2022, and again in 2023.
Crude Oil
Oil Prices Rise On Record U.S. Oil Demand
The price of WTI crude rose nearly 2% on Thursday on EIA reports that U.S. implied petroleum products demand had risen to record heights.
OPEC
Opec Revises Higher Call on Its Own Crude in 2021-22
Opec has revised higher the 2021 and 2022 forecast call on its own members crude as it increased oil demand expectations for both years, saying it expects the C…
Crude Oil
Opec Maintains 2022 Demand Outlook and Expects Mild Impact from Omicron Variant
The group maintained its oil demand forecast for next year at 4.2 million barrels per day
Crude Oil
OPEC Cuts 2021 Global Oil Demand Forecast Again
OPEC revised down its forecast by 160,000 bpd
OPEC
Opec Maintains 2022 Outlook and Expects Oil Demand to Surge Above Pre-Covid Levels
Based in Vienna, the group trimmed its outlook for 2021 owing to slower-than-anticipated demand from China and India
Crude Oil
BP Says Global Oil Demand has Passed 100 million Barrels per day
As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of 100 million barrels a day last seen before …
Crude Oil
IEA: Global Energy Crisis Could Boost Oil Demand by 500,000 barrels per day
But Britain could run out of gas this winter, says Ineos chief Sir Jim Ratcliffe
Market Analysis
Global Oil Demand Seen Returning to Pre-Pandemic Levels Within a Year: Moody's
The ongoing recovery in demand, rising costs and reduced levels of inventory as of September 2021 will continue to support strong momentum in oil prices.
Crude Oil
Opec Lifts Oil Demand Forecast for 2022
Opec has increased its global oil demand forecast for 2022 by almost 1mn b/d, taking it back above 100mn b/d, even though there was some disquiet about this at …
Nigeria
Nigeria Struggles to Find Buyers for October Oil Exports
Nigeria has sent a signal that the recovery in global oil demand still has some way to go, with volumes for next month’s loading struggling to find a home, eve…
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