Page 6 - Oil Demand

OPEC sees upside to 2022 oil demand forecast on strong pandemic recovery

OPEC leaves 2022 oil demand growth forecast steady, keeps Q3 demand forecast at 100 mln bpd

Oil prices drop on potential for US-Iran talks to add crude supplies

Investors are closely watching the outcome of U.S.-Iran nuclear talks which resumed this week. A deal could lift U.S. sanctions on Iranian oil and ease global supply tightness

Statsguru: Six charts show recurring worries over rising crude oil

The share of OPEC in global oil production has been falling in recent times

Exxon Mobil returns to Q4 profit as oil demand continues to improve

Our effective pandemic response, focused investments during the down-cycle, and structural cost savings positioned us to realise the full benefits of the market recovery in 2021, CEO Darren Woods said

Oil prices ease from 2014 high on supply concerns and limit losses

Oil prices slipped back on Thursday after hitting their highest levels since 2014 in the previous session on the back of strong demand and short-term supply disruptions

Oil demand recovery in India poised to weather Covid comeback

Over first 10 days of 2022, sales of gasoline and diesel which together make up more than half of India's overall petroleum consumption dipped by 2% to 3% from a year earlier

Oil extends gains, tests pre-Omicron highs on economic growth

U.S. West Texas Intermediate (WTI) crude futures rose 38 cents, or 0.5%, to $81.60 a barrel at 0224 GMT, adding to a 3.8% jump in the previous session

Oil prices steady ahead of OPEC+ meeting to decide output policy

Brent crude futures gained 1 cent to $78.99 a barrel at 0239 GMT, while U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents to $76.06 a barrel.

OPEC+ report sees short-lived, mild impact from Omicron variant

The report kept forecasts for the growth in oil demand in 2021 and 2022 unchanged at 5.7 million bpd and 4.2 million bpd respectively

Omicron variant yet to curb driving across most of Asia in boon for oil

More cars have thronged the main roads in December amid year-end festivities than seen last month

Oil prices climb again as fall in US inventories boosts demand sentiment

Brent crude rose 26 cents, or 0.3%, at $79.20 a barrel by 0759 GMT. U.S. West Texas Intermediate (WTI) crude climbed 19 cents, or 0.2%, to $76.17 a barrel

World oil demand in 2022 will grow by 4 million bpd: Russian Deputy PM

World oil consumption is expected to grow by 4.5-5 million barrels per day (bpd) in 2021, and in 2022 it will increase by another 4 million bpd, Russian Deputy Prime Minister Alexander Novak said."We expect total demand [for oil] to rise by about 4.5-5 million barrels per day in 2021. To restore production to the level it was before the restrictions were introduced in 2020, we expect an increase in demand next year by about another 4 million barrels per day," Novak said in an interview with RBC.He said the demand for oil in the next decade will continue to grow and will increase from about 100 million barrels per day in 2022 to 110 million by 2030.

Oil firms, near highest level since late November on risk appetite

The benchmark Brent crude rose 23 cents, or 0.3%, at $79.17 a barrel by 0101 GMT. U.S. West Texas Intermediate (WTI) crude added 21 cents, or 0.3%, at $76.19 a barrel

Oil prices extend gains as worries over fuel demand recede

Brent crude rose 14 cents, or 0.1%, to $78.74 a barrel, by 0437 GMT. U.S. West Texas Intermediate (WTI) crude rose 25 cents, or 0.3%, to $75.81 a barrel, gaining for a fifth straight session.

Global oil's comeback in 2021 presages more strength in 2022

For 2022, crude consumption is expected to reach 99.53 million barrels per day (bpd), up from 96.2 million bpd this year, according to the International Energy Agency

Oil prices settle higher, but market wary of Omicron coronavirus variant

Brent crude settled up $2.46, or 3.4%, at $73.98 a barrel, and U.S. West Texas Intermediate (WTI) crude rose $2.51, or 3.7%, to $71.12 a barrel.

Crude oil prices climb but worries over Omicron variant linger

Brent crude futures increased by 29 cents, or 0.4%, to $71.81 a barrel by 0753 GMT

Oil prices head for flat week on Omicron Covid variant uncertainty

U.S. West Texas Intermediate (WTI) crude futures fell 17 cents, or 0.2%, to $72.21 a barrel at 0155 GMT. Brent crude futures fell 11 cents, or 0.2%, to $74.91 a barrel.

Oil prices settle lower on oversupply concerns, strong dollar

Brent crude futures fell 69 cents, or 0.9%, to $73.70. U.S. West Texas Intermediate (WTI) crude futures settled down 56 cents, or 0.8%, at $70.73.

Oil prices on track for biggest weekly gain since August

LONDON (Reuters) -Oil prices were on track for their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over the Omicron coronavirus variant's impact on global economic growth and fuel demand.