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Oil & Gas Trade
India Is Leading Source Of Oil Demand Growth In EIA Forecast
In its latest short term energy outlook (STEO), which was released recently, the U.S. Energy Information Administration (EIA) said India has emerged as the lead…
OPEC
OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period
Global oil demand is projected to reach 120.1 million barrels per day (mb/d) by 2050, while energy demand will rise 24% during the same period, said the Organiz…
Oil & Gas Trade
OPEC Trims Its China Crude Demand Forecast, but Nowhere Near Enough: Russell
An aerial view shows tugboats helping a crude oil tanker to berth at an oil terminal, off Waidiao Island in Zhoushan, Zhejiang province, China July 18, 2022OPEC…
Oil Price
US EIA Lifts Oil Demand Forecast, Says Prices Will Recover to Above $80/Bbl
Model of natural gas pipeline and U.S. flag, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsGlobal oil demand is set to grow…
Oil & Gas Supply
Exxon Forecasts 2050 Oil Demand to Match Today’s, 25% Above BP Estimate
A 3D printed natural gas pipeline is placed in front of displayed ExxonMobil logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/F…
Oil & Gas Trade
India Oil Demand Driven by Consumers Rather Than Industry: Kemp
India’s oil consumption increased by 3.7 million tonnes (4.8%) in the first four months of 2024 compared with the same period in 2023, according to data f…
Oil & Gas Trade
IEA Lowers Global Oil Demand Forecasts on Weak OECD Consumption
The IEA's forecast on Friday stands in stark contrast to Opec's outlook released on Thursday. ReutersThe International Energy Agency has revised down it…
Oil & Gas Trade
IEA to Expedite 2025 Oil Demand Forecast, OPEC Also Moves Early
Oil rigs are seen in Midland, Texas May 9, 2008. REUTERS/Jessica Rinaldi/File Photo Acquire Licensing Rights(This Jan. 24 story has been corrected to clarify th…
Oil & Gas Trade
In First Look At 2025, OPEC Expects Robust Oil Demand Grow
The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria April 9, 2020. REUTERS/L…
Oil Price
China Oil Demand Growth Poised to Slow to Around 4% In H1 2024 -Analysts
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song/File Photo Acquire Licensing RightsChina's oil …
Crude Oil
Oil Prices Gain 2% On Bigger-Than-Expected Decline in Us Crude Storage
NEW YORK (Reuters) -Oil prices rose about 2% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, which offset w…
Oil & Gas Supply
Growth in Global Oil Demand Is Set to Slow Significantly by 2028
New IEA medium-term report sees oil use for transport going into decline after 2026, but overall consumption is expected to be supported by strong petrochemical…
Carbon Emissions
DNV Forecasts Oil Demand in Transport Sector to Half by 2050
Transport sector will be revolutionized by electrification but increase its share of overall emissions.Transport has a severe emission challenge, its share of o…
Oil Price
Global Oil Demand Set to Rise ‘Sharply’ on Air Travel Rebound and China Recovery
A floating refinery and storage vessel crosses Egypt's Suez Canal. Global oil demand will rise by 2 million bpd in 2023. AFPThe International Energy Agency …
Oil Price
Oil Prices Steady Amid Prospects of Fuel Demand Rebound in China
Global oil demand is set to surge to record levels this year as China's economy recovers. GettyOil prices were steady in morning trade on Monday as the pros…
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