Tuesday 23 May 2017
 
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Oil demand

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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IEA sees oil market balance in H2, stock build next year

The oil market is now in balance thanks to unplanned outages and robust demand, particularly from emerging economies, but this equilibrium will tilt into surplus again early next year, the International Energy Agency said on Tuesday.

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Oil demand peak 'not before 2050 if prices stay below $75'

Peak global oil demand lies beyond 2050, as long as we remain in a relatively low oil price environment of $55-75 per barrel in real terms, a report said. Yet, more rapid electric vehicle adoption or fuel efficiency improvements,

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Opec sees lower oil demand in 2016 on excess supply

Opec on Monday predicted global demand for its crude oil will be less than previously thought in 2016 as supply from rivals proves more resilient to low prices, increasing the excess supply on the market this year. Demand for Opec

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No peak oil demand until 2040: BoAML report

A peak in global oil demand is unlikely to occur before 2040 in a sub-$70 oil world, according to a research report from Bank of America Merrill Lynch (BoAML). Over the medium-term, low oil prices will influence the trajectory of

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Middle East slowdown 'will cut oil demand growth'

The Middle East was the fastest growing region for oil consumption except China over the last decade as young populations and booming economies simulated a surge in fuel demand. The Middle East is not only one of the world's m

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Middle East slowdown 'will cut oil demand growth'

The Middle East was the fastest growing region for oil consumption except China over the last decade as young populations and booming economies simulated a surge in fuel demand. The Middle East is not only one of the world's m

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