Global oil demand to increase by 5.8 mln barrels per day in 2021: OPEC

Fri, 12 Feb 2021 - 12:44 GMT

The Organization of the Petroleum Exporting Countries' (OPEC) latest monthly report showed that the 2021 global oil demand growth forecast got revised down to 5.79 million barrels per day (bpd) from 5.9 million bpd in the previous report.

Why record U.S. oil exports are poised for even more growth

Thu, 27 Jul 2017 - 12:49 GMT

U.S. refineries are producing more fuel than ever as they seek to meet rising demand - from overseas, rather than the drivers on nearby roadways.

UAE energy minister hopes global oil markets begin to tighten

Fri, 21 Jul 2017 - 12:57 GMT

The United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Friday .

Saudi Arabia still aims to reduce supply; weighs Nigerian, Libyan barrels

Wed, 19 Jul 2017 - 09:51 GMT

Saudi Arabia remains committed to work with other oil producers to try and address recent changes in global supply including the rise in output from Nigeria and Libya.

Oil prices slip as U.S. rigs rise, demand growth falters

Mon, 19 Jun 2017 - 10:53 GMT

Oil prices edged lower on Monday.

Oil slips on oversupply worries despite OPEC deal

Tue, 30 May 2017 - 10:45 GMT

Oil prices fell on Tuesday, pressured by concerns that production cuts by the world's big exporters may not be enough to drain a global glut .

Oil rises on expectations of extended, possibly deeper, output cut

Mon, 22 May 2017 - 10:26 GMT

Oil rose on Monday, bolstered by confidence that top exporters will this week agree to extend supply curbs.

Global oil market rebalancing speeds up, inventories lag: IEA

Tue, 16 May 2017 - 11:11 GMT

The global oil market is rebalancing and the pace at which supply and demand are falling into line is picking up.