Page 8 - Oil Demand
We buy less oil from Russia in a mth than Europe does in an afternoon: EAM
India's total purchase of oil from Russia in a month is probably less than what Europe does in an afternoon, External Affairs Minister S Jaishankar said on Monday.
 "We buy less oil from Russia in a mth than Europe does in an afternoon: EAM")
Sitharaman, Jaishankar defend India buying Russian oil
Jaishankar said said that Europe has bought 15 per cent more oil and gas from Russia than it did the month before
 "Sitharaman, Jaishankar defend India buying Russian oil")
OPEC likely to stick to modest oil boost despite war jitters
Analysts expect the group, known as OPEC+, to stay on its schedule of gradual increases to restore production cuts made during the depths of the coronavirus pandemic in 2020
 "OPEC likely to stick to modest oil boost despite war jitters")
When it comes to oil, the global economy is still hooked: An analysis
The world may be less dependent on oil now than it was during the energy shocks of the 1970s, but the Ukraine conflict is stark evidence of a stubborn craving for oil
 "When it comes to oil, the global economy is still hooked: An analysis")
Oil prices steady as Western leaders meet over Ukraine crisis
Benchmark Brent was up 0.3% at $121.95 a barrel by 1111 GMT, after falling by close to $2 earlier in the session
 "Oil prices steady as Western leaders meet over Ukraine crisis")
'India's import of Russia oil less than 1% of total; share from US to rise'
In the financial year 2020-21 (April 2020 to March 2021), India imported 14 million tonnes of crude from the United States, representing 7.3 per cent of total imports
 "'India's import of Russia oil less than 1% of total; share from US to rise'")
EU must impose sanctions on Russian oil, ministers tell divided bloc
Whether to target Russian oil, as the United States and Britain have done, is a tough and divisive choice for the 27-nation EU, which relies on Russia for 40% of its gas
 "EU must impose sanctions on Russian oil, ministers tell divided bloc")
Oil prices jump again as European Union considers Russian oil ban
Brent crude futures were up $3.40, or 3.2%, at $111.33 a barrel by 0958 GMT, adding to a 1.2% rise last Friday
Saudi Arabia says it's not responsible for high oil prices
It quoted the Foreign Ministry as saying that the international community must assume its responsibility to maintain energy supplies in order to stand against the Houthis
 "Saudi Arabia says it's not responsible for high oil prices")
Saudi Arabia's Aramco hikes oil financing as net profit doubles in 2021
Aramco said it would boost its capital expenditure (capex) to $40-50 billion this year, with further growth expected until around the middle of the decade
 "Saudi Arabia's Aramco hikes oil financing as net profit doubles in 2021")
Cutting oil demand likely to hurt Russia but could ease supply crisis
The IEA is also extremely worried about an impending oil supply crisis
 "Cutting oil demand likely to hurt Russia but could ease supply crisis")
IEA suggestion for easing Russian oil shock: Restrict people's car usage
President Vladimir Putin's invasion of Ukraine has upended global commodity markets, sending prices soaring and prompting a search for alternative sources of energy
Oil prices headed for weekly loss, but stay well above $100 a barrel
U.S. West Texas Intermediate (WTI) crude futures were up 17 cents, or 0.2 per cent, at $103.15 a barrel, adding to an 8 per cent jump on Thursday
IEA urges reduced transport to cut oil use amid supply crunch
By Noah Browning
India's Feb oil imports at highest since Dec 2020 as refiners boost runs
India's crude imports rose in February to 4.86 million (bpd), their highest since December 2020, preliminary data from trade sources showed, as refiners cranked up runs to meet increasing demand
Oil price rises back above $100, Russia-Ukraine talks limit gain
Brent crude rose $2.55, or 2.6%, to $102.46 a barrel by 0923 GMT. U.S. West Texas Intermediate (WTI) crude added $1.34, or 1.4%, to $97.78 a barrel.
Explained: Why $100 oil could hurt the energy transition more than it helps
When fossil fuel prices rise, consumers start to take electric vehicles and clean energy alternatives more seriously - not just for their environmental benefits but in hopes of eventually saving cash
 "Explained: Why $100 oil could hurt the energy transition more than it helps")
How will Russia be hit if wealthy nations stopped buying its oil?
Russia produces close to 11 million barrels per day of crude oil. It uses roughly half of this output for its own internal demand
OPEC, allies weigh oil output amid steep hikes, Russian invasion
The OPEC+ coalition of oil producers led by Saudi Arabia and non-cartel members led by Russia are weighing whether to increase oil production by 400,000 barrels per day in April
 "OPEC, allies weigh oil output amid steep hikes, Russian invasion")