Home » Posts tagged 'oil demand' (Page 2)
Tag Archives: oil demand
BP: Oil Demand Has Already Topped 100 Million Bpd
BP: Oil Demand Has Already Topped 100 Million Bpd BP: Global oil demand has already exceeded the threshold of 100 million barrels per day Demand will continue to increase and reach pre-COVID levels at some point in 2022 Global oil demand has already exceeded the threshold of 100 million barrels per day (bpd) last seen […]
Biden says he worries that cutting oil production too fast will hurt working people
Biden says he worries that cutting oil production too fast will hurt working people President Biden spent three days in Rome talking to world leaders before and during the G-20. He held a formal press conference before heading to the UN climate summit in Glasgow. Brendan Smialowski/AFP via Getty Images President Biden said on Sunday […]
Twin peaks: Whether it’s supply or demand, oil era heads for crunch time
Twin peaks: Whether it’s supply or demand, oil era heads for crunch time A worker collects a crude oil sample at an oil well operated by Venezuela’s state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS/Carlos Garcia Rawlins Oct 25 (Reuters) – Energy transition and peak demand predictions have spooked investors in oil, […]
Oil Prices Will Remain High For Years To Come
Oil Prices Will Remain High For Years To Come A growing number of major investment banks are turning bullish on oil in the medium to long term. A lack of investment is leading to supply deficits as demand rebounds to pre-COVID levels. Rebounding consumption and tight supply could push oil prices even higher. Six years […]
Forget $100, Options Traders Now Betting On Oil Prices Hitting $200
Forget $100, Options Traders Now Betting On Oil Prices Hitting $200 $100 Oil is no longer an ‘outrageous’ bet in the call-options market Some speculative traders are now betting on $200 oil in December 2022 For those betting on $100 oil, the leader of the OPEC+ alliance, Saudi Arabia, has a message: look beyond the […]
Peak Oil Demand Forecasts Turn Sour As Demand Keeps Growing
Peak Oil Demand Forecasts Turn Sour As Demand Keeps Growing Predicting oil—or, apparently, gas—prices is a notoriously uncertain business Over the longer term, predicting oil prices becomes even more challenging But besides crazy bets on high oil prices in the near future, there are other signs that the demise of fossil fuels has been greatly […]
One Bank Crunches The Numbers On Oil Supply/Demand Dynamics, Reaches A Shocking Conclusion
One Bank Crunches The Numbers On Oil Supply/Demand Dynamics, Reaches A Shocking Conclusion With oil prices surging amid a broader global energy crisis, many are hoping that this particular price spike is truly transitory as incremental supply – whether from OPEC+ or shale – kicks in and resets the market lower. But maybe not so […]
Oil settles up 1.5%; hits multi-year highs on surging demand
Oil settles up 1.5%; hits multi-year highs on surging demand Oil prices surge, adding to global energy crunch BENGALURU, Oct 11 (Reuters) – Oil prices jumped on Monday to the highest levels in years, fuelled by rebounding global demand that has contributed to power and gas shortages in key economies like China. Brent crude rose […]
IEA, OPEC Slash Oil Demand Outlook Amid “Headwinds” From Spreading Delta Variant
IEA, OPEC Slash Oil Demand Outlook Amid “Headwinds” From Spreading Delta Variant The International Energy Agency and Goldman Sachs are both warning that global oil demand is facing headwinds due to the spread of the COVID-19 Delta variant: “Growth for the second half of 2021 has been downgraded more sharply, as new COVID-19 restrictions imposed in […]
Brace For Shock At The Pump: WTI Surges Above $75 As OPEC+ Raises Output Less Than Expected
Brace For Shock At The Pump: WTI Surges Above $75 As OPEC+ Raises Output Less Than Expected Brace for shock at the pump. WTI crude prices surged by over $2, rising more than 3% to $75.8/bbl… … the highest since 2018… … amid reports that ahead of the conclusion of today’s OPEC, JMMC and OPEC+ […]
Oil Prices Set To Head Even Higher As Market Tightens
Oil Prices Set To Head Even Higher As Market Tightens Solid oil demand is driving up the spot crude prices in every part of the world. This is a clear indication that the physical oil market is finally catching up with the recent rally in the paper market. The strengthening appetite for crude in Asia […]
Decade Of Chaos Could Send Oil To $130 Per Barrel
Decade Of Chaos Could Send Oil To $130 Per Barrel From $35 per barrel to $130 per barrel—this is the range for oil prices in the next few years that we could see, according to a commodity trading group. And it will all depend on what peaks first: demand or investment in new production. “You could […]
It’s Too Late To Avoid A Major Oil Supply Crisis
It’s Too Late To Avoid A Major Oil Supply Crisis There are a number of observable trends in oil supplies and by extension prices, presently. I am going to discuss one of them in this article. A lack of capital investment in finding new supplies of oil and gas. A favorite analogy of mine comes […]
Oil Markets Baffled As The IEA Calls For More Production
Oil Markets Baffled As The IEA Calls For More Production In its latest Monthly Oil Report, the IEA called on OPEC+ to increase production in order to counter higher demand in 2022. The agency claimed that, based on current global economic growth expectations, demand for crude oil and petroleum products will be reaching pre-COVID levels […]
