oil demand


Some forecasters remain positive on oil prices and demand going into 2019

Despite dramatic slides in the oil market, some forecasters remain positive on prices and demand going into 2019. A year ahead outlook report from Bank of America Merrill Lynch ... Read More
An oil pump is seen in Lagunillas

U.S. oil prices hit highest since mid-2015

U.S. oil prices hit their highest levels since mid-2015 on the final trading day of the year as an unexpected fall in American production and a fall in commercial ... Read More
An oil pump is seen in Lagunillas

What prevent oil prices from bigger drops?

Oil prices dipped on Friday, with U.S. crude remaining below $50 per barrel, restrained by rising output from the United States as well as producer club OPEC. U.S. West ... Read More

Oil prices rise on the heels of sharp losses; production data ahead

Crude oil prices rose slightly on Tuesday, though investors are eagerly awaiting production and inventory data from the Organization of the Petroleum Exporting Countries. On the New York Mercantile ... Read More
A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

$25 trillion investment needed to meet future oil demand

The world needs to invest $25 trillion in new oil-producing capacity over the next 25 years to meet growing demand, Saudi Aramco’s chief executive Amin Nasser said at the ... Read More

Greece Is First EU Country Out Of The Gate To Buy Iranian Oil

Greece, once a leading European customer of Iranian oil before the imposition of Western sanctions in 2012, will be the first European country to resume buying Iranian crude now ... Read More

Oil Prices Rise on Hint of Willingness to Cut Supplies

Iraq’s oil minister cites signs that Saudis, Russia may be more ‘flexible’; other OPEC leaders defend pumping strategy Oil prices rose above $30 a barrel Tuesday as traders speculated ... Read More

Saudi to seek foreign non-oil investors as crude slumps

Saudi Arabia aims to at least double annual inflows of foreign direct investment (FDI) over the next 10 years by focusing on new sectors such as mining, health care ... Read More
oil and gas platforms

Deloitte: 2016 outlook on the oil and gas industry

Prices continued to drop in the oil and gas industry in 2015. In less than a year, upstream oil and gas companies faced a 50% drop in revenues. Looking ... Read More
Derricks at Yuganskneftegaz oil processing facility at Mamontovskoye oilfield outside the Siberian ...

Will Oil Prices Really Double in 2016?

High uncertainty in future oil prices has suggested that over the course 2016, oil prices could as much as double, or halve. Low oil prices over the course of ... Read More
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