Page 5 - Oil Demand

China demand growth optimism sets oil on track for strong weekly gain

A weaker greenback tends to boost demand for oil, as it makes the commodity cheaper for buyers holding other currencies

Oil rises on China demand optimism, Russian supply concerns amid sanctions

Brent crude rose 50 cents, or 0.6%, to $83.17 per barrel by 0135 GMT, while U.S. West Texas Intermediate crude also rose 50 cents, or 0.7%, to $77.91 per barrel

Oil prices fall as concerns over higher interest rates crimp demand

Brent futures for March delivery fell 43 cents to $79.22 a barrel, a 0.5% drop, by 0522 GMT. U.S. West Texas Intermediate crude fell 36 cents, or 0.5%, to $74.27 per barrel

Global gas demand expected to decline by 65 bn cubic metre in 2022: Gazprom

According to preliminary long-term forecasts, global gas consumption would grow by 20% over the next 20 years

Chinese oil demand faces bumpy road to recovery as Covid curbs ease

Chinese Oil demand is expected to pick up as the world's largest crude importer pivots away from its strict Covid Zero policy

Oil bounces on pipeline shutdown but heads for weekly loss on demand woes

Brent crude futures were at $76.73 a barrel, up 58 cents, or 0.76%, at 0716 GMT, after dropping 1.3% on Thursday

G-7 price ceiling on Russian oil not low enough to hit Kremlin's revenues

European officials touted the cap - negotiated last week after months of haggling among the US and its allies - as a way to starve Russia's war machine

Oil prices settle higher amid supply disruption on Druzhba pipeline

Brent crude futures rose 72 cents to settle at $93.86 a barrel, while U.S. West Texas Intermediate crude rose $1.05 to $86.92

Opec cuts oil demand growth forecast again as economic challenges mount

The group, which recently cut production targets, will remain cautious, Saudi Arabia's energy minister was quoted as saying last week

Oil prices extend gains as China eases some Covid-19 restrictions

Brent crude futures rose 87 cents, or 0.9%, to $96.86 a barrel by 0041 GMT after settling up 1.1% on Friday

Oil prices climb on demand hopes after big drawdown in US crude stocks

Brent crude futures picked up 17 cents, or 0.1%, to $94.82 a barrel at 0014 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 26 cents, or 0.3%, to $88.63 a barrel

OPEC raises long-term oil demand view, calls for over $12 trn investment

OPEC also raised its demand forecasts for the medium term to2027, saying the figure is up by almost 2 million bpd by the endof the period from last year

Africa shows how hard it's becoming to pump crude oil: Report

Crude production in western Africa has fallen by one-third since 2010 and is expected to drop again this year

Oil prices down as top crude importer China widens Covid-19 curbs

US West Texas Intermediate (WTI) crude futures were down $1.02, or 1.2 per cent, at $88.06

OPEC expected to stick to view of long-term global oil demand rise

Another decade or more of oil demand growth would be a boost for producers and OPEC, whose 13 members depend on oil income, and would justify continued investment in new supplies

Fuel demand to far outstrip supply until 2025: Natural gas exporters

The leader of the coalition of gas-exporting countries said on Tuesday the group expects demand for the fuel to far outstrip supply until 2025 amid a global energy crisis sparked by the war in Ukraine. Secretary General of the Gas Exporting Countries Forum Mohamed Hamel, of Algeria, said at the group's meeting in Cairo that although investment was increasing in natural gas production the countries didn't expect to have new sources of supply online for another three years. We believe that this market tightness to be with us until probably 2025 or 2026 when the new projects that are being developed will come on-stream, he said in a press conference on Tuesday attended by energy ministers from some of the coalition's members. Natural gas prices have skyrocketed worldwide following the Russian invasion of Ukraine early this year. Amid sanctions imposed on Russia's energy sector, much of European Union, which formerly depended on Russia for 40 per cent of its supply, has struggled find .

Oil prices drop as Chinese demand data shows depressed consumption

Oil prices slid on Monday after Chinese data showed that demand from the world's largest crude importer remained lacklustre in September

Weak global growth, high inflation may impact energy demand, says RIL

Company sees oil demand averaging 99.6 million barrels a day, up 1.9 per cent versus a year ago....

OPEC slashes 2022, 2023 oil demand growth view as economy slows

OPEC cuts 2022 demand growth to 2.64 million bpd from 3.1 mn bpd, but still sees demand topping pre-pandemic level in 2023; OPEC September output rises 146,000 bpd, led by Saudi

Oil prices drop again after rebound as dollar strengthens, demand weakens

Oil prices fell on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand and concerns over the faltering global economic outlook clouding market sentiment