Page 7 - Oil Demand

Oil dips as investors torn by tight supply worries and recession fears

Oil prices slipped in early Asian trade after a rebound in the previous session, as investors remained torn between worries over tight global supplies and fears a recession could dampen demand

Oil prices rise in early trade after falling 3% in previous session

Brent crude futures rose 83 cents, or 0.8%, to $109.86 a barrel by 0012 GMT. WTI crude futures for August delivery rose 70 cents, or 0.7%, to $106.46 a barrel

OPEC+ alliance may not be much help with high oil, gasoline prices

The 23-member OPEC+ alliance, which includes Russia, is struggling to produce enough oil to keep up with the rebounding demand for fuel since the Covid-19 pandemic

Oil prices increase as supply concerns outweigh US fuel stocks build

Brent crude futures for September, the more actively traded contract, rose 63 cents, or 0.6%, to $113.08 a barrel at 0250 GMT

Oil trades sideways on fears of slower demand, supply uncertainty

Oil prices traded sideways on Friday after briefly rising nearly $1 per barrel, as the market balanced fears of slower demand from cooling U.S. economic activity with supply uncertainty

Oil slumps 5%, US gasoline price drops 6% as dollar reaches record high

With the Fed expected to keep raising interest rates, open interest in WTI futures on the New York Mercantile Exchange fell on Thursday to its lowest since May 2016

Oil rises on tight supply and Iran sanctions, though rate hikes weighs

Brent crude was up $1.13, or 0.9%, to $120.94 a barrel at 1016 GMT, and U.S. West Texas Intermediate (WTI) crude had gained $1.03, or 0.9%, to $118.62

OPEC keeps forecast for 2022 oil demand to exceed pre-Covid levels

OPEC leaves 2022 oil demand growth forecast at 3.36 mbpd, cuts 2022 Russian output forecast, leaves US shale steady

OPEC delegates see global oil demand growth slowing in 2023: Report

High crude prices have eaten into growth projections for 2022 and fed into expectations for slower growth in 2023.

Russia becomes India's second biggest oil exporter in May: Report

In May Indian refiners received about 819,000 barrels per day (bpd) Russian oil, the highest thus far in any month, compared to about 277,00 in April, the data showed

Oil prices stable as market juggles risk sentiment with tight supplies

US West Texas Intermediate (WTI) crude futures were down 25 cents, or 0.2%, at $118.25 a barrel, having risen by over $1 per barrel earlier in the session.

Oil, toil and turmoil

India's geological potential remains largely unexplored because of policy hostility and high-handed taxation rather than the lack of expertise

European farmers plan to use biogas to substitute Russian fossil fuels

The European Biogas Association says the European Union could quickly scale up the production of bio-methane, which is pumped into natural gas networks

Oil edges up 0.3% on EU's sanctions on Russia, proposed crude ban

The sanctions proposal, which was announced by European Commission President Ursula von der Leyen and needs unanimous backing by the 27 EU countries to take effect

Russia's weaponisation of oil could backfire by destroying demand for it

Oil is a fungible commodity in a global market: If one source cuts off shipments, importing countries can just buy more oil from other suppliers, although they may pay higher prices on spot markets

Oil prices extend losses as Shanghai lockdowns hit demand outlook

Brent crude futures slid $1.90, or 1.8%, to $104.75 a barrel at 0015 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell $1.89, or 1.9%, to $100.18 a barrel

Oil prices settle mixed amidst Russia supply, demand concerns

The front-month WTI crude futures contract, which expires on Wednesday, rose 19 cents to settle at $102.75, unchanged

Oil prices rebound after sharp losses as supply concerns dominate

Brent crude futures rose 66 cents, or 0.6%, to $107.91 a barrel by 0623 GMT while the front-month WTI crude futures contract, which expires on Wednesday, rose 46 cents, or 0.5%, to $103.02 a barrel

Oil prices rebound after sharp losses as supply concerns dominate

Brent crude futures rose 98 cents, or 0.9%, to $108.23 a barrel by 0400 GMT while the front-month WTI crude futures contract, which expires on Wednesday, rose 94 cents, or 0.9%, to $103.50 a barrel

How India stands to gain amid calls for EU to ban Russian oil imports

If Europe adopts official sanctions on Russian crude and fuel, prices will likely surge, and India could profit even more from refining Russian oil to fuels it then sells to Europe for more money.