The projection is 100,000 bpd higher than last month’s forecast
oil demand
Posted inNews
Oil prices fall to $80 per barrel on ‘surprise build’ in US crude stocks
Brent crude futures dropped 38 cents, or 0.5%, at $80.30 per barrel.
Posted inExploration & Production
Oil rises on US crude stocks and demand optimism
Oil prices continue their rally this week, on the back of an expected decline in US crude stocks and a coming uptick in global demand
Posted inDRILLING & PRODUCTION
Oil prices flat as trader focus shifts to India and Iran
Oil prices are starting the week largely flat as developments in India and the prospect of returning Iranian supplies balance the market’s enthusiasm for a coming global demand uptick
Posted inDRILLING & PRODUCTION
Oil up on hopes OPEC+ may address the Indian demand destruction
Oil prices are ticking up today on trader hopes that OPEC+ may address India’s demand destruction with supply policy amendments in its coming meeting
Posted inDRILLING & PRODUCTION
Oil demand to peak at 101.6 million bpd in 2026: Rystad Energy
The revised peak is earlier than the company’s previous forecast
Posted inDRILLING & PRODUCTION
Road fuels lead global oil demand recovery in 2021: Rystad Energy
The latest report by Rystad Energy forecasts the future of demand by segment and geography
Posted inDRILLING & PRODUCTION
Oil falls on gasoline stocks and AstraZeneca hiccup
Oil prices fell on Thursday as a result of a steep rise in gasoline stock levels in the US and concerns over the AstraZeneca vaccine future usage
Posted inDRILLING & PRODUCTION
Oil turbulent as Covid-19 infections and US stocks battle against positive economic data
Oil prices swing from gains to losses today amid the Covid-19 infections growth, US stocks surprises and some positive economic data