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Oil Demand Newsletter
  • Oil prices up again next week 06 Feb 2026 18:00 GMT

    … with further increases likely once oil firms’ operating costs and other … taken into account. Jetti Petroleum president Leo Bellas said prices … fears of disruption to oil flows in the Strait … non-OPEC sources, as well as softer demand for heating fuel due …

  • Saudis Cut Key Oil Price for Asian Buyers 06 Feb 2026 17:08 GMT

    … are running ahead of demand. State oil producer Saudi Aramco will … kingdom has faith in demand for its barrels and Aramco’s … Middle Eastern crude, with the prices set for refiners determining the … for the lighter blends. The OPEC+ producers group, led by …

  • South Africa’s Upstream Petroleum Resources Development Act: Can Legal Certainty Revive Major Investment After IOCs’ Exit? – OpEd 06 Feb 2026 19:28 GMT

    … and predictability that deepwater investors demand. That backdrop helps explain the … production rights into a single petroleum right, sets out controlled licensing … strategic stock purposes, and separates oil and gas regulation from mining …

  • Oil Reverses Early Losses 06 Feb 2026 17:51 GMT

    crude oil futures rose over 1% to above $64 per barrel on … OPEC producer. Meanwhile, Saudi Arabia cut prices for its main crude … reduction suggested confidence in demand. Markets are also monitoring … s energy infrastructure. Still, oil is heading for its …

  • Powering Africa’s industries: Should the region leapfrog the use of fossil fuels? 06 Feb 2026 17:52 GMT

    … billion by 2050,4 the demand for energy and food … dependence pattern on fossil fuels that characterized the development … “transition fuel,” emits less carbon than coal or oil and already … available resources (including fossil fuels), rather than pursuing a …

  • Cuba Offers Dialogue as U.S. Oil Pressure Pushes Relations to the Brink 06 Feb 2026 17:21 GMT

    … . If Washington’s opening demand is political transformation, and … is not abstract. It is fuel, and therefore electricity, transport … situation after losing Venezuelan oil. Days before Fernández de … indirectly sell or supply crude to Havana. The administration …

  • How Trump’s energy push is driving U.S. oil companies to think globally 06 Feb 2026 16:51 GMT

    … growth in OPEC-linked nations rich in oil but fraught … revival of U.S. oil majors’ appetite for international … nationalizations and volatile oil prices.  Still, strong demand forecasts and a … dominance” are driving American oil companies back onto the global …

  • Oil Prices Slide as Diplomacy Drains the Risk Premium 06 Feb 2026 15:05 GMT

    … immediately impact shipments from OPEC members Saudi Arabia, the … inventory data from the American Petroleum Institute (API) and … oil more expensive for foreign buyers, which can dampen demand … layer of pressure on crude oil, particularly during sessions when …

  • Oil prices face ceiling despite rising Middle East tensions [ANALYSIS] 06 Feb 2026 13:53 GMT

    … contributing to steadily rising global demand. On the supply and … quickly, OPEC struggled to keep pace, and oil prices surged … an additional 6 million barrels entering the market. Taking … exploring oil in the Black Sea. The Turkish Petroleum Corporation …

  • NNPC releases details on why it shut down 4 refineries 06 Feb 2026 13:47 GMT

    … trends. The Nigerian National Petroleum Company Limited (NNPC Ltd) … He explained that although crude oil was supplied to the … expand the refinery from its current 650,000 barrels per … would address Africa’s growing fuel demand, reduce dependence on imports …

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