Page 5 - Oil Demand
Cutting oil demand likely to hurt Russia but could ease supply crisis
The IEA is also extremely worried about an impending oil supply crisis
 "Cutting oil demand likely to hurt Russia but could ease supply crisis")
IEA suggestion for easing Russian oil shock: Restrict people's car usage
President Vladimir Putin's invasion of Ukraine has upended global commodity markets, sending prices soaring and prompting a search for alternative sources of energy
 "IEA suggestion for easing Russian oil shock: Restrict people's car usage")
Oil prices headed for weekly loss, but stay well above $100 a barrel
U.S. West Texas Intermediate (WTI) crude futures were up 17 cents, or 0.2 per cent, at $103.15 a barrel, adding to an 8 per cent jump on Thursday
 "Oil prices headed for weekly loss, but stay well above $100 a barrel")
IEA urges reduced transport to cut oil use amid supply crunch
By Noah Browning
 "IEA urges reduced transport to cut oil use amid supply crunch")
India's Feb oil imports at highest since Dec 2020 as refiners boost runs
India's crude imports rose in February to 4.86 million (bpd), their highest since December 2020, preliminary data from trade sources showed, as refiners cranked up runs to meet increasing demand
Oil price rises back above $100, Russia-Ukraine talks limit gain
Brent crude rose $2.55, or 2.6%, to $102.46 a barrel by 0923 GMT. U.S. West Texas Intermediate (WTI) crude added $1.34, or 1.4%, to $97.78 a barrel.
Explained: Why $100 oil could hurt the energy transition more than it helps
When fossil fuel prices rise, consumers start to take electric vehicles and clean energy alternatives more seriously - not just for their environmental benefits but in hopes of eventually saving cash
 "Explained: Why $100 oil could hurt the energy transition more than it helps")
How will Russia be hit if wealthy nations stopped buying its oil?
Russia produces close to 11 million barrels per day of crude oil. It uses roughly half of this output for its own internal demand
OPEC, allies weigh oil output amid steep hikes, Russian invasion
The OPEC+ coalition of oil producers led by Saudi Arabia and non-cartel members led by Russia are weighing whether to increase oil production by 400,000 barrels per day in April
 "OPEC, allies weigh oil output amid steep hikes, Russian invasion")
Oil retreats, but still above $100; no supply shocks for India
Brent crude oil surged past USD 105 per barrel on Thursday for the first time since August 2014, following Russia's invasion of Ukraine
Oil's journey from worthless in the pandemic to $100 a barrel: An analysis
Benchmark Brent crude futures hit $100 a barrel on Wednesday for the first time since 2014 as Russian President Vladimir Putin ordered military operations in Ukraine
 "Oil's journey from worthless in the pandemic to $100 a barrel: An analysis")
Russia-Ukraine tensions keep crude elevated; negative for net importers
Brent-indexed crude oil prices traded at $94-$95 per barrel, which is at its multi-year high
Oil price steadies on waning supply worries over Russia-Ukraine crisis
Brent crude rose 11 cents, or 0.01%, to $96.95 a barrel at 0730 GMT, after soaring as high as $99.50 on Tuesday, the highest since September 2014
Oil price set to test fresh peaks barring Iran breakthrough
Hitting just under $100 a barrel on Tuesday, international crude prices are still a way off the all-time peak of more than $147 hit in July 2008
Saudi's crude oil production exceeds 10 million bpd in Dec; exports dip
Exports fell slightly to 6.937 million bpd from 6.949 million bpd in November, according to monthly figures provided by Saudi Arabia and other oil-exporting countries to JODI
Brent crude drops 2% to $91.14 per barrel on Iranian oil hopes
Brent crude futures fell $1.83, or 1.9%, to $91.14 a barrel by 1425 GMT, extending a 1.9% drop from the previous session
Oil drops from 7-year high on report some Russian troops return to base
Brent crude fell $2.35, or 2.4%, to $94.13 by 0912 GMT. U.S. West Texas Intermediate (WTI) crude dropped $2.00, or 2.1%, to $93.46
Oil eases on profit-taking, Russia-Ukraine conflict remains key focus
Brent crude futures were at $95.60 a barrel by 0747 GMT, down 88 cents, or 0.9%, after rising $2.04 on Monday
Oil prices inch toward $100 a barrel as IEA revises demand outlook
The IEA on Friday revised up its baseline estimate of global demand by nearly 800,000 barrels per day (bpd), just under 1% of the 100 million bpd global oil market
 "Oil prices inch toward $100 a barrel as IEA revises demand outlook")
