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Latest Articles in oil demand
G7 Coalition Agrees $60 Per Barrel Price Cap For Russian Oil
The nations said they anticipated that any revision of the price would include a form of grandfathering to allow compliant transactions concluded before the change
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India’s Imports Of Natural Gas, Oil To Zoom by 2030: IEA Report
The latest energy outlook stated that demand for natural gas in the country would nearly double to 115 billion cubic meters (bcm) in 2030 from 66 bcm in 2021, with most of the growth coming from manufacturing and other industry
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OPEC+ Oil Supply Cut Could Push World Into Recession, Says IEA
It revised the global oil growth demand forecast underpinned by further downgrades to global GDP growth expectations from major institutions
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OPEC Trims Oil Demand Growth For 2022, 2023
It cited slowing global growth, resurgence of Covid in China and subsequent containment measures and high inflation to hurt demand
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Oil Prices Continue Their Fall As Recession Fears Weigh
Investors are now assessing the continued aggressive rate hike pace by the US Federal Reserve, the slowdown in global growth and the resurgence of Covid cases in China to hurt global oil demand
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Oil Prices Drop Ahead Of Potential Large US Rate Hike
Oil prices have tumbled in the past two weeks on recession concerns despite a drop in crude and refined products exports from Russia amid Western sanctions and supply disruption in Libya
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Global Energy Consumption Topped Pre-pandemic Levels In 2021: BP Report
Oil demand last year was 3.7 million barrels per day (bpd) below 2019 levels, driven primarily by weakness in the aviation sector, which was 33 per cent below pre-pandemic levels, BP said in its 2021 Statistical Review of World Energy
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Oil Rises On Tight Supply Though Interest Rate Hikes Weigh
Brent was on track for its first weekly dip in five weeks, and U.S. crude for its first decline in eight weeks, in line with a fall in equity markets amid fears of a possible recession as central banks joined a chorus of outsized rate hikes
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Russia Oil Supply Drop To Double In May: IEA
Still, lower demand amid a COVID-19 surge in China, output increases from OPEC+ producers and beyond along with the largest ever draw on emergency oil storage by the United States and its IEA member allies ought to prevent any sharp deficit, it said
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India's Oil Demand Likely To Jump 8% In 2022
Mobility has continued to improve, as average driving activity in India increased. Oil demand this year has increased as states relaxed COVID-19 restrictions in line with declines in new infections
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Oil Prices At Seven Year High; What Explains The Surge?
An outage on a pipeline from Iraq to Turkey have increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates
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India's Fuel Demand Hit 9-Month High In December 2021: Government Data
India's fuel consumption in December scaled a nine month peak, government data showed, although a fresh Covid wave may slow the recovery of demand
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The Year Of Opportunities For The Oil And Gas Industry
The year 2022 would be transformational for the Oil and Gas Industry and if world economies continue to make advances towards keeping the pandemic under control
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India's Net Zero 2070 Goal Will Not Hit Peak Oil Demand Target: HPCL
"Based on the energy requirement of the country, we need to move towards the different forms of energy and we need different forms of energy to cater to the increasing needs of the country," M.K. Surana told a news conference.
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Crude Oil Futures Rise On Spot Demand
Crude oil for October delivery traded higher by Rs 54, or 0.89 per cent, at Rs 6,116 per barrel in 5,902 lots.
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