This week, both OPEC and the International Energy Agency (IEA) revised their oil demand forecasts higher,...
OilPrice.com | The Oil Market Isn’t Buying The Bullish Demand Forecasts
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Tag | Oil Demand
OilPrice.com | Why Oil Prices Are Plunging Despite Falling Inventories
Oil prices have lately lost their forward momentum, with both Brent and WTI crude plunging this week. A rather...
OilPrice.com | China’s Economy Is Picking Up, But Oil Demand May Disappoint
China’s economy grew by 2.2 percent on a seasonally adjusted basis in the first quarter (Q1), a massive...
OilPrice.com | Hedge Funds Are Still Bearish On Oil But Bulls Are Gaining Steam
The oil markets have been oversupplied over the past few months thanks to overall weak demand following warmer...
OilPrice.com | What The Business Cycles Tell Us About Oil Prices
The oil and gas markets are currently in the throes of yet another downturn, with Brent crude down 34% from its...
OilPrice.com | Biden Thinks Oil Will Be Around For A Decade—It’ll Be Much Longer
The United States will need oil production for at least another decade, President Joe Biden said in his State...
OilPrice.com | World Oil Demand Hit A 9-Month High In November
Solid demand in China, India, and Japan lifted global oil demand by 1.7 million barrels per day (bpd) in...
OilPrice.com | Andurand: Global Oil Demand Could Surge In 2023
Global oil demand could soar as much as 4% in the coming year if the world manages to fully emerge from Covid...