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Latest Articles in oil demand

Oil Prices Set For Weekly Gain Ahead Of OPEC+ Meeting

Brent crude January futures rose 30 cents to $48.10 a barrel by 11:04 a.m. EST (1604 GMT), while the more active February contract gained 37 cents to $48.16.

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OPEC+ Panel's Informal Online Talks Postponed To Sunday

OPEC+ is debating whether to ease oil output cuts from Jan. 1, as it previously agreed, or to continue producing at the same rate amid sluggish oil demand and the fallout from the coronavirus pandemic.

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Oil Rally Stalls On Signs Of More Supply, Demand Doubts

Brent futures had risen to nearly $50 a barrel this week after three major pharmaceutical companies announced progress on vaccines that could start to be rolled out before the end of the year.

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Exxon And Total In Talks Over Mozambique LNG Resource-Sharing Deal

Now Exxon and Total are trying to rework the agreement to increase extraction from the straddling reserves as a way to boost efficiency and increase their projects' annual LNG production

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Oil Rally Boosted By Surprise Fall In US Stocks

Brent futures were up 45 cents, or 0.9%, at $49.06 a barrel by 0245 GMT, after rising around 1.6% in the previous session.

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Oil Prices Rally Further On Vaccine Optimism Despite Inventory Rise

Brent crude was up 54 cents, or 1.1%, at $48.40 a barrel by 0247 GMT, having risen almost 4% in the previous session.

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Brent Hits Highest Since March, Spurred By Coronavirus Vaccine Hopes

Brent crude futures rose 34 cents, or 0.7%, to $46.40 a barrel by 0323 GMT, while U.S. West Texas Intermediate crude added 38 cents, or 0.9%, to $43.43 a barrel.

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India's Top Refiner Buys Most Crude Since COVID-19 Outbreak

IOC's chairman said this month that the refinery has been operating at 100% capacity since early November as local fuel demand has recovered.

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Oil Prices Extend Gains On COVID Vaccine Hopes, Mideast Tensions

Brent crude futures rose 63 cents, or 1.4%, to $45.59 a barrel by 0733 GMT while U.S. West Texas Intermediate crude gained 49 cents, or 1.2%, to $42.91 a barrel.

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Refined Soya Oil Futures Fall On Low Demand

Refined soya oil contracts for December traded lower by Rs 2.8, or 0.26 per cent, at Rs 1,068.5 per 10 kg in 54,735 lots.

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Oil Slips A Second Day As Coronavirus Cases Spiral Amid Stimulus Talks

OPEC+, a grouping that includes the Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers, will discuss its output policy at a meeting on Nov. 30 and Dec. 1.

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Oil Prices Mixed As Surging COVID-19 Cases Outweigh Vaccine Optimism

Brent crude futures rose 12 cents, or 0.3%, to $44.46 a barrel by 0732 GMT, reversing from an earlier loss. U.S. West Texas Intermediate crude slipped 3 cents, or 0.1%, to $41.79 a barrel, paring most of its earlier declines.

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Oil Prices Slip As Surging COVID-19 Cases Overshadow Vaccine Hopes

U.S. West Texas Intermediate (WTI) crude futures were down 39 cents, or 0.9%, to $41.43 a barrel by 0039 GMT, after gaining nearly 1% on Wednesday. Brent crude was yet to trade, having risen 1.4% on Wednesday.

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Oil Edges Lower After Settlement As US Stockpiles Build, Pandemic Lockdowns Loom

Brent futures fell 7 cents, or 0.2%, to settle at $43.75 a barrel. U.S. crude gained 9 cents, or 0.2%, to settle at $41.43.

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Oil Prices Edge Higher Ahead Of OPEC+ Meeting, Vaccine Hopes

Brent crude futures for January rose 16 cents, or 0.4%, to $43.98 a barrel by 0104 GMT and U.S. West Texas Intermediate crude for December added 13 cents, or 0.3%, to $41.47 a barrel.

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