Page 11 - Oil Demand

Oil prices mixed as lockdowns in Chinese cities raise questions on demand

Oil prices were mixed as strong import data from China, the world's biggest crude importer, that boosted sentiment earlier ran into concerns about Chinese cities in lockdown due to coronavirus

Oil prices dip on rise in virus cases; US stock draw checks losses

Oil prices eased for a second day as mounting coronavirus cases globally raised demand concerns, although a drawdown in US crude stocks for a fifth straight week capped losses

Covid impact: India's annual fuel demand falls for first time in 21 years

Fuel demand from Asia's second-biggest oil importer collapsed by as much as 70% after it embarked on one of the world's most stringent lockdowns in March

Vaccine impact on moribund oil demand is several months away - IEA

The roll-out of vaccines this month will not quickly reverse the destruction wrought on global oil demand, International Energy Agency warned

OPEC cuts 2021 oil demand outlook again as pandemic impact lingers

Demand will rise by 5.90 million barrels per day (bpd) next year to 95.89 million bpd, the Organization of the Petroleum Exporting Countries said in a monthly report

Oil pulls back amid New York coronavirus curbs, gains for a 6th week

Brent futures settled down US28 cents, or 0.6% at $49.97 a barrel. The contract rose above $51 a barrel on Thursday to an early-March high

OPEC+ needed a Swat team for swift action, instead it mobilises an Army

Monday's virtual gathering of the 13 OPEC ministers broke up without agreement, the bigger OPEC+ meeting was delayed by two days and then by another two hours as the start time approached

OPEC+ resumes talks on 2021 policy amid discord on how to tackle oil demand

OPEC and Russia resume talks in a bid to define policies for 2021 after an initial round of discussions this week failed to bring a compromise on how to tackle weak oil demand amid a second Covid wave

Delaying production? OPEC plots next move amid seismic oil market divide

The east-west divide is an added conundrum for OPEC+, which on Monday and Tuesday needs to decide whether to delay a production increase slated for January -- and if so, for how long

Oil slips from 7-month high on signs of more supply, demand doubts

But Brent was down 81 cents, or 1.7%, at $47.80 a barrel by 1256 GMT on Thursday, having dropped as much as $1

Oil prices keep rising after eight-month high on demand optimism

Futures in New York climbed around 1 per cent to trade above $45 a barrel as a broader financial markets rally continued

Global oil demand unlikely to get vaccine boost until later in 2021: IEA

Brent crude fell 0.8% to $43.46 a barrel in early London trade, snapping three straight days of gains

Oil demand unlikely to get vaccine boost until later in 2021, says IEA

Global oil demand is unlikely to get a significant boost from the roll-out of vaccines against Covid-19 until well into 2021, the International Energy Agency said

OPEC expects coronavirus to curb oil demand recovery into 2021

The weakening demand recovery could support the case for OPEC and its allies, a group known as OPEC+, to delay a scheduled oil-output boost next year

US oil drops as Covid-19 pandemic rages while US vote counting continues

US oil fell nearly 1% as new lockdowns went into affect in Europe raising questions over demand for crude, while ballots were still being counted in the US election, keeping markets on edge

Oil prices slip on rising coronavirus cases, oversupply and demand concerns

COVID-19 cases topped 40 million on Monday, according to a Reuters tally, with a growing second wave in Europe and North America sparking various degrees of lockdown measures

Kremlin says new OPEC+ committee's oil talks to tackle weak demand outlook

Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman held two phone calls last week to discuss oil markets

OPEC+ fears second Covid-19 wave could lead to oil surplus in 2021

Such a surplus could threaten plans by OPEC, Russia and allies, known as OPEC+, to taper record output cuts made this year by adding 2 million bpd of oil to the market in 2021

OPEC+ panel discusses weaker oil demand outlook, Libya supply rise: Report

On Thursday, OPEC Secretary General Mohammad Barkindo told a conference that demand was recovering at a slower pace than expected

Big Oil was already in decline; Covid-19 has been like an asteroid strike

The pandemic won't bring about the imminent demise of companies, but it will almost certainly hasten their metamorphosis.