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Oil & Gas Trade
India's May Crude Oil Imports Post Biggest Decline Since at Least 2005
India's crude oil imports in May fell 22.6% from a year earlier, the biggest drop since at least 2005.
Oil&Gas Drilling
OPEC+ may be Able to Ramp up Oil Production in 2021: IEA
The IEA predicts oil demand will grow 3 million b/d more than supply in 2021, as it released its first estimates for next year in its June 16 outlook, which wou…
Crude Oil
Indonesia Sees Product Demand Up 160,000 b/d by 2026
Indonesia expects domestic oil product demand to increase by 12pc or around 160,000 b/d by 2026, but an expansion of refinery capacity should eliminate the need…
Crude Oil
US Refiners Spread Out Heavy Maintenance Plans
Efforts to slow the spread of Covid-19 will lead to heavier US refinery maintenance over the next year.
Market Analysis
Opec's President Calls for an Earlier Meeting of Producers
The proposal would allow members to factor any policy changes to Opec+ cuts ahead of their monthly export allocations
Oil Price
Oil Rises on View that Demand may Rebound Beyond Pre-Virus Level
Oil rose as the head of the International Energy Agency forecast demand will likely grow past its level before the global pandemic.
Oil & Gas Trade
Chinese Oil Demand has Almost Rebounded to Pre-Pandemic Levels
Oil demand in China has almost returned to its level before the coronavirus pandemic spurred the government to impose lockdowns and shut down industries.
Oil & Gas Trade
Pandemic Punches 1.7-Billion-Barrel Hole in Global Oil Demand
The scale of the demand hit means that despite producers implementing unprecedented output cuts, stockpiles will soar this year.
Market Analysis
Global Oil Demand Could Take Years To Recover
Global oil demand will take at least a year to return to the pre-crisis levels of 100 million barrels per day , Fatih Birol, Executive Director of the Internati…
Oil & Gas Trade
OPEC Expects Global Oil Demand Hits Biggest Downfall
The Organization of the Petroleum Exporting Countries now expects global demand to contract by 9.07 million barrels per day, or 9.1 per cent, in 2020, it said i…
Oil & Gas Trade
India Oil & Gas Industry Might Need More Time to Recover
Most O&G CXOs believe that the recovery for the sector is likely to be longer, and more protracted than anticipated.
Crude Oil
U.S. Crude Output to Drop, Oil Demand to Slump by 2.2 Million Barrels Per Day in 2020
U.S. oil demand is expected to fall by about 2.2 million barrels a day in 2020.
Oil Price
Oil Glut Drives Oil Prices Lower
Oil prices opened about 1% lower on Monday in Asia as a persistent glut continued to weigh on prices and the coronavirus pandemic eroded global oil demand even …
Crude Oil
Goldman Sachs: Oil Demand Could Exceed Supply By End-May
Oil demand could rebound enough to exceed supply by the end of this month, Goldman’s head of commodities Jeffrey Currie told Barron’s Market Brief, noting tha…
Oil & Gas Trade
Saudi Arabia's Oil Exports to Drop in May as Demand Slides
Saudi oil exports are expected to fall to about 6 million barrels a day in May, the lowest in nearly a decade.
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