Page 15 - Oil Demand

Oil prices keep rising after eight-month high on demand optimism

Futures in New York climbed around 1 per cent to trade above $45 a barrel as a broader financial markets rally continued

Global oil demand unlikely to get vaccine boost until later in 2021: IEA

Brent crude fell 0.8% to $43.46 a barrel in early London trade, snapping three straight days of gains

Oil demand unlikely to get vaccine boost until later in 2021, says IEA

Global oil demand is unlikely to get a significant boost from the roll-out of vaccines against Covid-19 until well into 2021, the International Energy Agency said

OPEC expects coronavirus to curb oil demand recovery into 2021

The weakening demand recovery could support the case for OPEC and its allies, a group known as OPEC+, to delay a scheduled oil-output boost next year

US oil drops as Covid-19 pandemic rages while US vote counting continues

US oil fell nearly 1% as new lockdowns went into affect in Europe raising questions over demand for crude, while ballots were still being counted in the US election, keeping markets on edge

Oil prices slip on rising coronavirus cases, oversupply and demand concerns

COVID-19 cases topped 40 million on Monday, according to a Reuters tally, with a growing second wave in Europe and North America sparking various degrees of lockdown measures

Kremlin says new OPEC+ committee's oil talks to tackle weak demand outlook

Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman held two phone calls last week to discuss oil markets

OPEC+ fears second Covid-19 wave could lead to oil surplus in 2021

Such a surplus could threaten plans by OPEC, Russia and allies, known as OPEC+, to taper record output cuts made this year by adding 2 million bpd of oil to the market in 2021

OPEC+ panel discusses weaker oil demand outlook, Libya supply rise: Report

On Thursday, OPEC Secretary General Mohammad Barkindo told a conference that demand was recovering at a slower pace than expected

Big Oil was already in decline; Covid-19 has been like an asteroid strike

The pandemic won't bring about the imminent demise of companies, but it will almost certainly hasten their metamorphosis.

India's September fuel demand declines about 4.4% to 15.47 mn tonnes

Sales of gasoline, or petrol, rose by 3.3% from a year earlier to 2.45 million tonnes

Oil steady as demand worries revive, crews return to US Gulf rigs

rent crude futures gained 5 cents, or 0.1%, to $42.27 a barrel, after climbing 4.2% on Wednesday

BP says era of oil-demand growth over, may not return to pre-Covid levels

The UK giant is describing a different future, where oil's supremacy is challenged, and ultimately fades

Oil market's reliance on China shows narrowing options

Platts Analytics sees oil prices struggling to go beyond the mid-$40s/bbl mark by the end of calendar year 2020 (CY20) before creeping up to $50/b by end-2021

Saudi Arabia reduces oil prices in sign demand recovery struggling

Aramco cut Arab Light to Asia to a discount against the benchmark oil price used by the Saudis for the first time since June

Oil holds near $44/barrel, heads for biggest weekly drop on demand concerns

Brent crude, the international benchmark, was up 5 cents, or 0.1%, to $44.12 at 0745 GMT, heading for a 2.3% drop this week

The weak dollar: Why it won't be replaced as global reserve currency

For international investors in general, currency risk - above all the weakening of the US dollar - has become the most important financial risk of the year

IEA cuts 2020 oil demand forecast by 140,000 bpd over aviation sector woes

The Paris-based IEA slashed its 2020 outlook by 140,000 bpd to 91.9 million bpd, its first downgrade in several months

OPEC trims oil demand in 2020; recovery doubtful in 2021 on Covid-19

World oil demand will fall by 9.06 million barrels per day (bpd) this year, the Organization of the Petroleum Exporting Countries said in a monthly report

Oil prices rise 1% on Saudi Aramco's upbeat demand view, Iraq output cut

West Texas Intermediate crude futures rose 50 cents, or 1.2%, to $41.72 a barrel at 0301 GMT, while Brent crude futures were up 40 cents, or 0.9%, at $44.80 a barrel