Global Oil Demand
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Why We Needn't Worry About Oil Prices Amidst Israel-Iran Conflict (For Now)
The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks ability to cope in an already uncertain market.
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Oil Prices Fall Into Negative Territory As Trump Announces New Tariffs
Oil prices fell to negative territory after rising by a dollar in post-settlement trade on Wednesday as US President Donald Trump announced reciprocal tariffs on trading partners, stoking concerns that a global trade war may dampen demand for crude.
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From Texas To Tokyo, Extreme Heat Is Now Threatening Global Fuel Supply
In addition to causing spikes in electricity demand as people fire up air conditioners, the scorching temperatures have led to a spate of disruptions at oil refineries.
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India To Soon Overtake China As Oil Demand Driver, Says Energy Body Chief
India will soon overtake China as the largest driver of global oil demand even as it has an opportunity to become a world leader in green hydrogen production, International Energy Agency (IEA) chief Fatih Birol said Wednesday.
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Oil Falls On Lackluster U.S. Summer Gasoline Demand
Oil prices have been extremely volatile, caught in a tug-of-war between supply fears caused by Western sanctions on Russia and worries that the fight against inflation could weaken the global economy and cut demand.
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Oil Slides On Strong Dollar And Weaker Demand Outlook
Oil prices fell on Tuesday on a strong dollar, and expectations of weakening demand due to fresh COVID-19 curbs in top world crude importer China and fears of a global economic slowdown.
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Oil Rises 2% But Posts Weekly Loss On Recession Fears
Oil prices rose about 2% in volatile trade but were still heading for a weekly decline as investors worried about a potential recession-driven demand downturn even as global fuel supplies remained tight.
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G7 Calls On OPEC To Play Key Role To Ease Global Energy Supplies
Ministers from the G7 group stressed that they would not let the energy crisis derail efforts to fight climate change.
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Oil Settles Mixed Amid Beijing Lockdown Fears, Tight Supplies
A pending European Union ban on oil from Russia, a key supplier of crude and fuels to the bloc, is anticipated to further tighten global supplies.
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Analysis-How The Ukraine Conflict Is Reshaping Global Oil Markets
Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.
-
Oil Jumps To 13-Week High On Rising U.S. Gasoline Demand
The move has raised tensions with the United States and other countries negotiating with Iran over its nuclear program, and will likely keep sanctions in place and Iranian oil out of the global market for longer.
-
Oil Swings Higher As Tight Supplies Overshadow Demand Destruction
Oil prices swung higher in volatile trading on Monday, as traders focused on tight supplies over slowing global economic growth.
-
Oil Slumps 6% To Four-Week Low On Recession Worries, Strong Dollar
Oil prices tumbled about 6% to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and cut demand for energy.
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OPEC Sees Global Oil Demand Growth Slowing In 2023 - Report
OPEC expects world demand growth of 2 million barrels per day or less in 2023 as against 3.36 million barrels per day expected in 2022
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Oil Surge Fans Inflation Fears, Dampens Stocks
Brent crude futures dashed to two-month highs above $123 a barrel and could rise further, analysts warn, citing Europe's decision to slash Russian oil imports, high U.S. summer demand and the easing of Chinese lockdowns at a time of tight global crude supply.
-
Why We Needn't Worry About Oil Prices Amidst Israel-Iran Conflict (For Now)
The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks ability to cope in an already uncertain market.
-
Oil Prices Fall Into Negative Territory As Trump Announces New Tariffs
Oil prices fell to negative territory after rising by a dollar in post-settlement trade on Wednesday as US President Donald Trump announced reciprocal tariffs on trading partners, stoking concerns that a global trade war may dampen demand for crude.
-
From Texas To Tokyo, Extreme Heat Is Now Threatening Global Fuel Supply
In addition to causing spikes in electricity demand as people fire up air conditioners, the scorching temperatures have led to a spate of disruptions at oil refineries.
-
India To Soon Overtake China As Oil Demand Driver, Says Energy Body Chief
India will soon overtake China as the largest driver of global oil demand even as it has an opportunity to become a world leader in green hydrogen production, International Energy Agency (IEA) chief Fatih Birol said Wednesday.
-
Oil Falls On Lackluster U.S. Summer Gasoline Demand
Oil prices have been extremely volatile, caught in a tug-of-war between supply fears caused by Western sanctions on Russia and worries that the fight against inflation could weaken the global economy and cut demand.
-
Oil Slides On Strong Dollar And Weaker Demand Outlook
Oil prices fell on Tuesday on a strong dollar, and expectations of weakening demand due to fresh COVID-19 curbs in top world crude importer China and fears of a global economic slowdown.
-
Oil Rises 2% But Posts Weekly Loss On Recession Fears
Oil prices rose about 2% in volatile trade but were still heading for a weekly decline as investors worried about a potential recession-driven demand downturn even as global fuel supplies remained tight.
-
G7 Calls On OPEC To Play Key Role To Ease Global Energy Supplies
Ministers from the G7 group stressed that they would not let the energy crisis derail efforts to fight climate change.
-
Oil Settles Mixed Amid Beijing Lockdown Fears, Tight Supplies
A pending European Union ban on oil from Russia, a key supplier of crude and fuels to the bloc, is anticipated to further tighten global supplies.
-
Analysis-How The Ukraine Conflict Is Reshaping Global Oil Markets
Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.
-
Oil Jumps To 13-Week High On Rising U.S. Gasoline Demand
The move has raised tensions with the United States and other countries negotiating with Iran over its nuclear program, and will likely keep sanctions in place and Iranian oil out of the global market for longer.
-
Oil Swings Higher As Tight Supplies Overshadow Demand Destruction
Oil prices swung higher in volatile trading on Monday, as traders focused on tight supplies over slowing global economic growth.
-
Oil Slumps 6% To Four-Week Low On Recession Worries, Strong Dollar
Oil prices tumbled about 6% to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and cut demand for energy.
-
OPEC Sees Global Oil Demand Growth Slowing In 2023 - Report
OPEC expects world demand growth of 2 million barrels per day or less in 2023 as against 3.36 million barrels per day expected in 2022
-
Oil Surge Fans Inflation Fears, Dampens Stocks
Brent crude futures dashed to two-month highs above $123 a barrel and could rise further, analysts warn, citing Europe's decision to slash Russian oil imports, high U.S. summer demand and the easing of Chinese lockdowns at a time of tight global crude supply.
