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Oil Demand Newsletter
  • Iran Puts Forces on Alert as US Tensions Push Oil Higher 01 Feb 2026 13:36 GMT

    … with the United States drive oil prices higher. US-Iran … Brent crude closed last Friday at $70.71 per barrel, posting … 65.21 per barrel. Against this backdrop, the OPEC+ alliance, led … demand. Concerns remain that any military escalation involving Iran, OPEC’ …

  • Iraq boosts fuel self-sufficiency with launch of FCC unit 01 Feb 2026 12:27 GMT

    … . In November, Iraq formally halted fuel imports after achieving self-sufficiency … surplus production toward exports. Iraq, OPEC’s second-largest producer, continues … demand for refined oil products. Read more: Why doesn't Iraq export petroleum

  • OPEC+ agrees in principle to keep oil output pause for March, sources say 01 Feb 2026 11:23 GMT

    … of the Organization of the Petroleum Exporting Countries outside their … eight OPEC+ members comes as Brent crude closed near $70 a barrel … roughly 3 percent of global demand. They then froze further planned … world's oil. A separate OPEC+ panel called the …

  • OPEC+ set to keep planned oil output pause for March as prices jump, sources say 01 Feb 2026 09:10 GMT

    … ‌OPEC+ members comes as Brent crude closed near $70 a barrel on … , roughly 3% of global demand. They then froze further … on Friday. OPEC+ includes the Organization of the Petroleum Exporting Countries, … in Kazakhstan, where the oil sector has suffered a series …

  • Cut Idle Time and Boost Margin With Hybrid Generator Fuel Savings 01 Feb 2026 08:44 GMT

    … run without doing meaningful work. Fuel burns. Hours accumulate. Maintenance accelerates … operation Quiet operation during low-demand windows Reduced neighborhood complaints and … reduces generator runtime, it lowers oil change frequency, filter kit consumption …

  • Oil Firms Flare 203.9b scf Gas In 2025 Despite High Utilisation – Upstream Regulator 01 Feb 2026 08:10 GMT

    … figures from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have shown … Gas, which is produced alongside crude oil. Unlike Non-Associated Gas, which … market demand and infrastructure. This structural imbalance continues to expose oil-linked …

  • Imperial Oil shares drop on lower profits; CEO says Venezuelan situation has little impact. 01 Feb 2026 07:55 GMT

    … make it easier to sell crude oil by U.S. companies. … fears that Venezuelan barrels may replace Canadian barrels on the U … global balance of supply and demand, regardless of what happens … the quarter was 444,000 barrels of crude oil equivalents per day (boepd …

  • Asia spot prices rise for third straight week on cold weather demand 01 Feb 2026 06:59 GMT

    … as colder temperatures lifted heating demand in the Northern Hemisphere and … said. Meanwhile oil prices dipped a few cents per barrel on Friday … the US and Iran. Brent crude futures settled at $70. … and US. West Texas Intermediate crude finished at $65.21. For …

  • Prevent oil wealth from being vaporized by cost-of-living crisis 01 Feb 2026 06:59 GMT

    … are now pouring high-octane fuel onto an economy that is … already overheating. To prevent our oil wealth from being vaporized by … a sudden, massive surge in demand that would otherwise drive market …

  • Libya grapples with disastrous finances in spite of oil boom 01 Feb 2026 06:27 GMT

    Opec member, is earning billions of dollars through the sale of oil … rising supply and weak demand. However, oil prices have been surging … largest proven oil reserves, estimated at 48 billion barrels, is … the country add 850,000 barrels a day of capacity, …

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