Gulf Times - oil-demand
Commodities rally curtailed on second wave of Covid-19, dollar revival

Commodities rally curtailed on second wave of Covid-19, dollar revival

The WTI is at 35.79/barrel and Brent is at 37.94/barrel and is down by more than 40% YTD. Oil tumbled last week as escalating coronavirus fears and surging US stockpiles drove new uncertainty about the commodity market's recovery.

Global oil demand may reach 98.83mn bpd in 2018: Opec

Global oil demand may reach 98.83mn bpd in 2018: Opec

The total global oil demand is anticipated to reach 98.83mn bpd in 2018; Opec’s latest monthly bulletin has shown.

Global oil demand may suffer as crude nears $80: IEA

Global oil demand may suffer as crude nears $80: IEA

The Paris-based IEA cut its forecast for global oil demand growth to 1.4 million barrels per day for 2018, from a previous estimate of 1.5 million bpd.

Global oil demand picks up but still lags rising supply: IEA

Global oil demand picks up but still lags rising supply: IEA

The Paris-based IEA raised its forecast for oil demand this year to 99.3 million barrels per day (bpd), from 97.8 million bpd in 2017.

Opec sees higher oil demand, but more rival supply

Opec sees higher oil demand, but more rival supply

The global market will return to balance only towards the end of 2018, no earlier than previously thought, as higher prices encourage the United States and other non-member producers to pump more, Opec said.

Mideast oil demand to grow by 0.1mn bpd in 2018: Opec

Mideast oil demand to grow by 0.1mn bpd in 2018: Opec

Oil demand growth in the Middle East is expected to rise by 0.1mn bpd in 2018, same as that of this year, Opec has said in a new report.

Strong oil demand growth helping market rebalance: IEA

Strong oil demand growth helping market rebalance: IEA

World oil demand will grow more than expected this year, helping to ease a global glut despite rising production from North America and weak Opec compliance with output cuts, the International Energy Agency said on Friday.

IEA raises forecast for global oil demand this year

IEA raises forecast for global oil demand this year

Global demand for oil will be slightly higher than expected this year, driven by increased consumption in India, the US and Germany, the International Energy Agency (IEA) predicted on Thursday.

Iraq says it has achieved Opec oil cut share

Iraq says it has achieved Opec oil cut share

Iraq has achieved its share of the production cuts agreed by Opec and non-Opec producers at the end of last year but remains ready to meet future oil demand growth, Iraqi oil minister Jabar al-Luaibi said in a speech on Monday.

Iran says boosting oil exports depends on future demand

Iran says boosting oil exports depends on future demand

A rise in Iran's crude oil exports once sanctions against it are lifted depends on future global oil demand and that should not further weaken oil prices, a senior Iranian oil official said.

Qatar 2016 oil demand to firm up on transportation, industrial demand: Opec

Qatar 2016 oil demand to firm up on transportation, industrial demand: Opec

Oil demand is expected to grow firmly in Qatar in 2016 with transportation fuels and industrial fuels playing a "significant part" in the overall oil demand growth.