Sunday 26 April 2015
 
»
Tag
 
»
Oil demand

Oil demand seen growing by up to 1 million bpd

The slide in oil prices is only temporary as global oil demand is expected to grow annually by up to 1 million barrels per day (bpd) while world consumption is likely to increase to 105 million bpd in 2025, a top official said. &q

More…

Oil above $62 after Saudi comments on demand

Oil rose above $62 a barrel on Thursday as indications of a coming recovery in demand offset a further jump in US crude stockpiles which underlined currently ample supplies. Crude benchmarks in the US and Europe posted their large

More…

Peak oil demand on ice

At more than $100 a barrel, peak global oil demand was scheduled for 2025, but it is now on ice if oil stays at $50 to $70 for over five years, a report said, warning that continued high prices may have led to zero global demand growth.

More…

Brent plunges to $80 as Saudi stays mum on output cut

Brent crude traded around $80 a barrel on Thursday, near its lowest since 2010, after Opec said demand for its oil would fall next year, while Saudi Arabia remained silent about a possible cut in production. Global demand for oil

More…

Opec predicts stronger oil demand this year

World oil demand will rise slightly more than expected in 2014, Opec said, becoming the second major forecaster this week to predict higher fuel use as economic growth picks up in Europe and the US. The Organization of the Petrole

More…

Oil demand 'will rise quickly as growth picks up'

Global oil demand will increase more quickly this year as economic growth accelerates, outstripping supply even as shale oil production in the US reaches record highs, the West's energy watchdog said on Tuesday. The Internatio

More…

Global oil demand growth 'gaining momentum'

Surging oil demand and faltering supplies mean oil prices face upside risks over the next few months, the West's energy watchdog said. The International Energy Agency (IEA) said in its monthly report that after eight consecuti

More…

Global surplus oil capacity inches up in Oct

Global spare crude oil production capacity rose slightly in September and October as Saudi Arabia trimmed output on lower power plant demand, said the US Energy Information Administration in its report. The spare output capacity,

More…

Opec sees stronger oil demand growth in H2

World oil demand will grow more quickly in the rest of 2013 than during the first half due to economic recovery and higher seasonal consumption, Opec said on Tuesday. The Organisation of the Petroleum Exporting Countries (Opec) in

More…

Bahrain GDP 'growth to top 5pc this year’

Bahrain's gross domestic product (GDP) is expected to grow more than five per cent this year, said the chief economist of Bahrain Economic Development Board. Dr Jarmo Kotilaine said the oil sector normalisation is likely to be

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads