Page 13 - Oil Demand

Oil dips on profit-taking after logging two-year high on OPEC+ curbs

NEW YORK (Reuters) - Oil prices pulled back on Monday after touching two-year highs on expectations of improved demand and OPEC producers keeping supply curbs in place.

Oil inches higher as upbeat demand outlook counters supply concerns

Brent was up 33 cents, or 0.5%, at $69.79 a barrel by 1333 GMT

Oil steadies on stronger demand outlook as US inventories decline

Brent rose 16 cents, or 0.2%, to $68.81 a barrel by 11:20 a.m. EDT (1520 GMT), and US West Texas Intermediate (WTI) crude was up 11 cents, or 0.2%, at $66.18 a barrel

Oil prices drop as India's coronavirus crisis puts brakes on rally

Oil demand was already outstripping supply and the shortfall was expected to grow even if Iran boosted exports

Oil prices on track for near two-year high on rising demand outlooks

Brent futures rose $1.12, or 1.6 per cent, to $69.67 a barrel by 10:44 am EDT (8.14 pm IST), while US West Texas Intermediate crude rose $1.10, or 1.7 per cent, to $66.38

Opec sticks to 2021 oil demand growth forecast despite Indian Covid crisis

The Organization of the Petroleum Exporting Countries expected demand to rise by 5.95 million barrels per day (bpd) this year, or 6.6%, its forecast unchanged from last month.

Crude oil erases loss with Opec+ panel raising demand growth outlook

The deteriorating situation there could pose a problem for the Organization of Petroleum Exporting Countries and its allies, which have agreed to start adding more supply from May

S&P Global Platts cuts India's 2021 oil product demand forecast by 9%

The total oil demand in India, according to their estimate, had declined to 470,000 b/d in 2020

Crude oil jumps above $64, marking one year of crash below zero

West Texas Intermediate advanced 1.3 per cent, adding to Monday's modest climb as the dollar weakened, while production in Libya fell below 1 million barrels a day amid a budget dispute

Oil steadies as dollar slumps but Covid-19 pandemic surge weighs

Brent crude was down 4 cents, at $66.73 a barrel by 11:06 AM ET (1506 GMT), after rising 6% last week

Oil price dips as record Covid-19 cases in India imperil demand revival

West Texas Intermediate slid 0.6%, though remains within the $5 range it has traded in since mid-March

OPEC+ panel lowers oil demand growth forecast by 300,000 barrels per day

OPEC+ has lowered its 2021 oil demand growth forecast by 300,000 barrels per day reflecting concerns about the market's recovery as new coronavirus lockdowns take hold

Uncertainties may impact recovery in oil demand, says OPEC+ panel

OPEC+ has raised concerns that uncertainties may impact the recovery in oil demand due to rising numbers of virus infections globally and lockdown measures

Oil prices slide on fresh Covid-19 curbs in Europe, stranded ship

Brent crude slid more than 2 per cent, to $61.64 a barrel at 7.57 pm (IST)

India grabs new oil supply to cut Mideast reliance as Opec+ keeps a check

Indian purchases from the U.S. more than doubled in January on-month, government data show. The country's sophisticated refineries can process almost every kind of crude

Oil tumbles with bearish market structure showing weak demand concern

Futures in New York and London fell as much as 5 per cent, with the prompt spread on both flipping into contango

Oil prices decline as European coronavirus lockdowns douse recovery hopes

Oil prices resumed their decline on Monday, falling around 1% as worries about a drop in demand for fuel products in the wake of yet more European lockdowns dominated trading

Oil prices rise more than 2% but post weekly decline on demand fears

Oil rose more than 2% in volatile trading on Friday, but finished the week about 7% lower as a new wave of coronavirus infections across Europe dampened hopes that fuel demand would recover soon

Oil prices edge higher after sell-off driven by demand concerns

Brent crude was up 31 cents, or 0.5 per cent, at $63.59 a barrel by 8:20 pm (IST)

Oil prices steady after overnight sell-off as demand doubts persist

Oil prices plunged 7% for a fifth day in a row on Thursday