While demand is expected to grow over the summer, the decision by OPEC+ could have been influenced by other motives
oil demand
Posted inDRILLING & PRODUCTION
OPEC+ faces tricky balancing act: Woodmac
OPEC+ has difficult choices to make when it meets later today
Posted inDRILLING & PRODUCTION
Oil to recover 60% of demand lost due to pandemic: IEA
The IEA expects global oil demand to recover in the second quarter of 2021, but challenges remain
Posted inDRILLING & PRODUCTION
OPEC acknowledges ‘peak oil demand’ narrative in unexpected change of view: MEED
OPEC estimated that global demand would continue rising until 2040 when it would peak at 109.3 million b/d in 2040
Posted inDRILLING & PRODUCTION
We have reached peak oil demand: BP report
The most bullish scenario it outlined still saw demand remain “broadly flat” in the next two decades as the world moves towards lower-carbon energy.
Posted inVideo
Video: Why demand for oil is not just about cars and planes
In this video by the Financial Times, see the oil and gas demand split, which goes far beyond fueling cars and planes.
Posted inProducts & Services
Shell CEO: oil demand “clearly softening”
Peter Voser can see further pressure on the downside of oil prices
Posted inNews
China oil demand softened in June
Weakening demand may be attributable to extra reserves use
Posted inProducts & Services
Oil demand to increase by 1.2 million bpd say IEA
Gas consumption slated to grow by 2.4% per year between now and 2016
Posted inProducts & Services
Mideast oil demand to grow 5%
Middle East oil demand could grow by nearly 5% in 2010 – analysts