Saturday 18 November 2017
 
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Oil demand

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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Oil demand growth below expectations in H1

Oil demand growth has undershot expectations in the first half (H1) of 2017, removing support to oil prices just when the market needed it most, a report said. Globally, demand expanded by just 900,000 barrels per day (b/d) in the

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Oil demand growth below expectations in H1

Oil demand growth has undershot expectations in the first half (H1) of 2017, removing support to oil prices just when the market needed it most, a report said. Globally, demand expanded by just 900,000 barrels per day (b/d) in the

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Oil demand will continue to grow: Aramco CEO

Oil demand will continue to grow in absolute terms at fairly healthy levels for the foreseeable future driven by the growing global economy and the increase in population, said Amin Nasser, president and CEO, Saudi Aramco. "T

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Opec raises forecast on 2017 global demand for oil

Opec has raised the forecast on growth of global demand for oil in 2017 by 10,000 barrels a day to 96.32 million barrels a day, the organization said in its monthly oil market report for April. According to the renewed forecast, i

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EV growth may force peak oil demand by 2035

Fast growth in electric vehicles (EVs) coupled with increased carpooling/sharing and autonomous driving may force peak oil demand by 2035, said the Bank of America Merrill Lynch (BofAML) in its latest research report Global Energy Weekly.

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India a key driver of global oil demand growth

Having doubled its oil demand growth in 2016, India outpaced China's growth in two quarters last year and is set to repeat this feat for the full year in 2017, a report said, adding that India is a key driver of global energy consumption.

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