Global Oil Demand Growth Slows Further as China Cools
Global oil demand growth slowed to its weakest in more than a year last quarter as the post-pandemic rebound in China fades, the International Energy Agency said.
OPEC Data Shows Oil-Cut Laggards Still Exceeding Limits
Key OPEC+ nations Iraq, Kazakhstan and Russia continue to pump above output limits intended to shore up global oil prices, the group’s data showed.
OPEC Still Sees Strengthening Oil Demand
OPEC maintained forecasts for strengthening oil demand in the second half of the year, as the group and its allies prepare to revive some halted supplies.
Global Oil Demand Hits Record and Prices May Climb, IEA Says
Global oil demand has surged to a record amid robust consumption in China and elsewhere, threatening to push prices higher, the International Energy Agency said.
OPEC’s First 2023 Outlook Shows No Relief From Oil Squeeze
OPEC’s first oil market outlook for 2023 suggests no relief for squeezed consumers, with more crude needed from the group even though most members are already pumping flat out.
IEA Cuts Oil Demand Outlook on Virus
The International Energy Agency cut forecasts for global oil demand “sharply” for the rest of this year as the resurgent pandemic hits major consumers, and predicted a new surplus in 2022.
Global Oil Demand to Hit Pre-Virus Level Next Year, IEA Says
Global oil demand will recover to pre-pandemic levels late next year, the International Energy Agency predicted, urging OPEC and its allies to keep markets balanced by tapping their plentiful spare production capacity.
OPEC Sees Demand for Its Crude Above Pre-Virus Levels in 2021
OPEC expects demand for its crude oil to rebound sharply next year, surpassing levels seen before the coronavirus crisis, as rival producers struggle to revive output.
Oil Demand to Drop This Year for First Time Since 2009, IEA Says
Global oil demand will decline this year for the first time since the 2009 financial crisis as the coronavirus slams the world economy.
Oil Extends Rally Above $50 Amid Signs Virus Spread Is Easing
Oil extended its rebound above $50 a barrel as tentative signs that Asia’s coronavirus may be easing spurred speculation that the worst of crude’s sell-off could have passed.