Page 10 - Oil Demand

Oil prices climb again as fall in US inventories boosts demand sentiment

Brent crude rose 26 cents, or 0.3%, at $79.20 a barrel by 0759 GMT. U.S. West Texas Intermediate (WTI) crude climbed 19 cents, or 0.2%, to $76.17 a barrel

World oil demand in 2022 will grow by 4 million bpd: Russian Deputy PM

World oil consumption is expected to grow by 4.5-5 million barrels per day (bpd) in 2021, and in 2022 it will increase by another 4 million bpd, Russian Deputy Prime Minister Alexander Novak said."We expect total demand [for oil] to rise by about 4.5-5 million barrels per day in 2021. To restore production to the level it was before the restrictions were introduced in 2020, we expect an increase in demand next year by about another 4 million barrels per day," Novak said in an interview with RBC.He said the demand for oil in the next decade will continue to grow and will increase from about 100 million barrels per day in 2022 to 110 million by 2030.

Oil firms, near highest level since late November on risk appetite

The benchmark Brent crude rose 23 cents, or 0.3%, at $79.17 a barrel by 0101 GMT. U.S. West Texas Intermediate (WTI) crude added 21 cents, or 0.3%, at $76.19 a barrel

Oil prices extend gains as worries over fuel demand recede

Brent crude rose 14 cents, or 0.1%, to $78.74 a barrel, by 0437 GMT. U.S. West Texas Intermediate (WTI) crude rose 25 cents, or 0.3%, to $75.81 a barrel, gaining for a fifth straight session.

Global oil's comeback in 2021 presages more strength in 2022

For 2022, crude consumption is expected to reach 99.53 million barrels per day (bpd), up from 96.2 million bpd this year, according to the International Energy Agency

Oil prices settle higher, but market wary of Omicron coronavirus variant

Brent crude settled up $2.46, or 3.4%, at $73.98 a barrel, and U.S. West Texas Intermediate (WTI) crude rose $2.51, or 3.7%, to $71.12 a barrel.

Crude oil prices climb but worries over Omicron variant linger

Brent crude futures increased by 29 cents, or 0.4%, to $71.81 a barrel by 0753 GMT

Oil prices head for flat week on Omicron Covid variant uncertainty

U.S. West Texas Intermediate (WTI) crude futures fell 17 cents, or 0.2%, to $72.21 a barrel at 0155 GMT. Brent crude futures fell 11 cents, or 0.2%, to $74.91 a barrel.

Oil prices settle lower on oversupply concerns, strong dollar

Brent crude futures fell 69 cents, or 0.9%, to $73.70. U.S. West Texas Intermediate (WTI) crude futures settled down 56 cents, or 0.8%, at $70.73.

Oil prices on track for biggest weekly gain since August

LONDON (Reuters) -Oil prices were on track for their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over the Omicron coronavirus variant's impact on global economic growth and fuel demand.

Oil prices edge lower, tracking biggest weekly gain since late August

MELBOURNE/BEIJING (Reuters) -Oil prices dipped on Friday, but were still on track to their biggest weekly gain since late August, as the easing concerns over the Omicron coronavirus variant on global growth and fuel demand drove market sentiment.

Oil prices slip after restrictions to counter Omicron variant

LONDON (Reuters) - Oil prices eased after early gains on Thursday after measures by some governments to slow the spread of the Omicron coronavirus variant, though losses were capped by positive comments from vaccine makers about the efficacy of their jabs.

Oil prices ease as investors wait for more on Omicron's potential impact

Brent crude futures dropped 40 cents, or 0.5%, to $75.04 a barrel at 0748 GMT, after settling 3.2% higher on Tuesday

Oil prices climb over $1/bbl as Omicron fears ease, Iran delay

SINGAPORE (Reuters) -Oil prices extended gains on Tuesday from a near 5% rebound the day before as concerns about the impact of the Omicron coronavirus variant on global fuel demand eased while Iran nuclear talks stalled, delaying the return of Iranian crude.

Oil price rises on OPEC+ plan to meet if Omicron hits fuel demand

U.S. West Texas Intermediate (WTI) crude futures rose $1.38, or 2.1%, to $67.88 a barrel, adding to a 1.4% gain on Thursday.

Oil rebounds to $76 on speculation Omicron-related drop overdone

Brent crude was $3.41, or 4.7%, higher at $76.13 by 0920 GMT, after sliding $9.50 on Friday

Omicron threatens oil demand recovery, already hit by Europe's rising cases

Governments worldwide imposed travel curbs on travellers from southern Africa during the weekend to limit the spread of Omicron, first detected in South Africa

Oil edges up on rising demand forecasts, ahead of US price outlook

The rally came ahead of the U.S. Energy Information Administration's (EIA) release of oil and gasoline price predictions

Global oil demand back above 100 million barrels a day, says BP

Company posts $3.3 billion third-quarter profit, beating estimates as oil prices surge

OPEC trims 2021 demand forecast but says gas price surge could help

Opec now expects oil demand to grow by 5.82 million barrels per day, down from 5.96 million bpd in its previous forecast