Wednesday 4 May 2016
 
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Oil demand

Opec sees lower oil demand in 2016 on excess supply

Opec on Monday predicted global demand for its crude oil will be less than previously thought in 2016 as supply from rivals proves more resilient to low prices, increasing the excess supply on the market this year. Demand for Opec

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No peak oil demand until 2040: BoAML report

A peak in global oil demand is unlikely to occur before 2040 in a sub-$70 oil world, according to a research report from Bank of America Merrill Lynch (BoAML). Over the medium-term, low oil prices will influence the trajectory of

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Middle East slowdown 'will cut oil demand growth'

The Middle East was the fastest growing region for oil consumption except China over the last decade as young populations and booming economies simulated a surge in fuel demand. The Middle East is not only one of the world's m

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Middle East slowdown 'will cut oil demand growth'

The Middle East was the fastest growing region for oil consumption except China over the last decade as young populations and booming economies simulated a surge in fuel demand. The Middle East is not only one of the world's m

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US manufacturing slowdown stokes fears about oil demand

Growing signs of weakness in the US economy are helping keep oil prices under pressure even as tensions escalate across North Africa and the Middle East. US manufacturers reported business activity contracted for the second month

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UAE open to meeting Indian oil demand

Indian Prime Minister   The United Arab Emirates is open to meeting any demand for oil from India, the Gulf OPEC member's economy minister Sultan bin Saeed Al Mansouri told Reuters on Monday. Al Mansouri

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Cheaper oil driving fuel demand boost

Global oil demand is set to grow by up to 1.4 million barrels per day in 2015 as lower oil prices boosted buying in many regions, including Europe, an executive at the world's top trader Vitol said on Wednesday. "Markets

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Asian oil demand remains strong, says Naimi

Oil demand in Asia is strong and Saudi Arabia is ready to supply any more crude needed, its oil minister said on Tuesday during a visit to China, as the world's top crude exporter aims to maintain its market share. Saudi Arabi

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Oil demand seen growing by up to 1 million bpd

The slide in oil prices is only temporary as global oil demand is expected to grow annually by up to 1 million barrels per day (bpd) while world consumption is likely to increase to 105 million bpd in 2025, a top official said. &q

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Oil above $62 after Saudi comments on demand

Oil rose above $62 a barrel on Thursday as indications of a coming recovery in demand offset a further jump in US crude stockpiles which underlined currently ample supplies. Crude benchmarks in the US and Europe posted their large

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