Tuesday 11 December 2018
 
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Oil demand

IEA slashes global oil demand forecasts for 2018-19

The International Energy Agency (IEA) has cut its estimate for global oil-demand growth for both 2018 and 2019 by about 110,000 barrels per day to 1.3 million and 1.4 million barrels a day respectively, due to growing threats to world economic

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Oil to see massive demand thrust through 2040: Opec

Oil is expected to remain the fuel with the largest share in the energy mix through 2040, said Opec in its World Oil Outlook 2018, raising the long-term oil demand upward for the second consecutive year, with demand at over 111.7 million barrels

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World oil demand seen at 98.6 mbpd in 2018

World oil demand is foreseen to reach 98.60 mbpd in 2018, representing growth of 1.59 million barrels per day (mbpd), 60,000 barrels per day higher than the previous month’s projections and mainly reflecting the positive economic outlook,

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Oil demand growth to hit 1.53 mbpd in 2018

Oil demand growth is anticipated to be around 1.53 mbpd in 2018, following a marginal upward adjustment compared to last month’s report, with global oil demand now expected to reach 98.51 mbpd, a media report said. Non-OECD

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Driven by EVs, oil demand growth will peak by 2030: report

Electric vehicles (EV) are expected to take off rapidly in the early 2020s, resulting in a drastic slowdown in oil demand growth and causing global oil demand to peak by 2030, says Bank of America Merrill Lynch’s Global Energy Weekly rep

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Driven by EVs, oil demand growth will peak by 2030: report

Electric vehicles (EV) are expected to take off rapidly in the early 2020s, resulting in a drastic slowdown in oil demand growth and causing global oil demand to peak by 2030, says Bank of America Merrill Lynch’s Global Energy Weekly rep

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World oil demand likely to grow by 1.4 mbpd in 2018

World oil demand in 2018 is anticipated to grow by 1.4 mbpd, following an upward adjustment of 30,000 b/d over the previous projection, due to the improving economic outlook in the world economy, particularly China and Russia, according to Opec

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World oil demand to rise by 1.42m bpd in 2017: Opec

World oil demand growth in 2017 is expected to rise by 1.42 million barrels per day (mb/d) after an upward revision of around 50,000 barrels per day (tb/d), according to Opec Monthly Oil Market Report (MOMR). ''The adjustm

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Trucks to play key role in global oil demand growth

Improving the efficiency of road-freight transport is critical to reducing the growth in oil demand, carbon emissions and air pollution over the next decades, according to the International Energy Agency’s latest report. Tru

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Oil demand to pick up despite Q2 price slump: UAE minister

Oil demand is expected to pick up during the rest of the year, despite the price fall by the end of the second quarter (Q2), said the UAE energy minister, expressing optimism over the impact of Opec's recent move to extend supply curb into 2

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