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Opec sees higher oil demand in second-half 2013The Opec will need to pump more oil than previously thought to balance the market in 2013 and expects global consumption to be much higher in the rest of the year, the group said in a report ahead of its meeting to set policy on May 31. More… |
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Top analysts cut 2013 oil demand growth estimatesThe International Energy Agency (IEA) trimmed its estimate for growth in oil demand in 2013, becoming the third of the world's top oil forecasters this week to predict weaker consumption due to subdued economic growth. World o More… |
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Opec trims 2013 oil demand growthOil producer group Opec on Wednesday trimmed its forecast for global growth in oil demand in 2013, citing weaker-than-expected consumption in Europe and Japan. The Organization of the Petroleum Exporting Countries in a monthly rep More… |
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Weak economy to depress oil demand in 2013: IEAGlobal oil demand is set to be depressed by weak economic growth throughout 2013 while soaring US oil production gives consumers a perfect cushion to withstand most supply outages, the International Energy Agency (IEA) said on More… |
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Opec lifts 2013 oil demand forecastWorld oil demand will grow faster than previously thought in 2013, producer group Opec said on Tuesday, citing signs of a recovery in the world economy. Con More… |
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Saudi will meet oil demand to help check pricesSaudi Arabia will continue to meet any additional oil demand and help moderate prices, but the recent surge in crude prices is not due to any supply shortfall, Saudi Oil Minister Ali Al-Naimi said on Monday. "Saudi Arabia is More… |
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Opec leaves 2012 oil demand steadyOpec left its forecast for world oil demand growth in 2012 unchanged for a second month, saying there were signs that a slowdown in global economic activity is easing. In a monthly report on Thursday, the Organisation of the Petroleum Expo More… |
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Opec cuts 2012 oil demand forecastThe Organisation of Petroleum Exporting Countries (Opec) has trimmed its 2012 global oil demand growth forecast for the second time in two months because of worries about developed countries' economies and higher crude prices. Opec now More… |
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Saudis 'don't see oil demand destruction'Saudi Aramco's decision to increase crude prices for Asia while trimming them for Europe, although reflecting movements in the regional benchmarks, also shows that higher prices have yet to bring demand destruction, says a Reuters analyst. More… |
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Global oil demand forecasts could be cutThe International Energy Agency may reduce its world oil demand forecast for 2012 this week due to a weaker outlook for the world economy, even though some evidence points to stronger consumption in the latter part of the year. All More… |
