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Oil Demand Newsletter
  • EIA data show that US oil demand and production fell to multi-month highs in November. 07 Feb 2026 19:54 GMT

    … July in November, while oil demand dropped to its lowest … decline in U.S. crude oil production since May 2025. … oil and petroleum demand in the U.S. dropped?619,000 barrels … . Demand for distillate fuels (which includes diesel, heating oil, and other fuels) …

  • Baghdad markets close as tariff hike fuels trader strike 07 Feb 2026 21:25 GMT

    … Ministry of Oil sought to downplay reports of fuel shortages, … attributing pressure on petrol stations to higher demand … that “there is no fuel crisis,” saying daily gasoline … as output from Basra refineries increases, adding that production …

  • New Year, Same Trend: Av Fuel Cost Continues Slow Descent in 2026 07 Feb 2026 20:23 GMT

    barrel. This slight decline is thanks to softer crude oil prices, slowing demand … growth, and lower hedging costs. Fuel … IATA estimated global jet fuel prices dropped about 9% … expects global aviation fuel use to increase by …

  • First EACOP shipment set for July as Tanzania, Uganda edge closer to oil exports 07 Feb 2026 15:28 GMT

    … preparing to begin exporting crude oil to the international market … . In addition to the crude oil pipeline, the two sides … as well as a refined petroleum products pipeline from Uganda to … to match growing regional demand and ease logistical bottlenecks. …

  • India plans to increase oil production to reduce import dependence - intelligence 07 Feb 2026 15:17 GMT

    … -0.6 million barrels per day (bpd), domestic demand exceeds 5 million … and private refineries earn money by processing relatively cheap imported oil with … subsequent re-export of petroleum products. After …

  • UPSC Key: RBI to compensate digital fraud victims, rat-hole mining, and Russian oil imports 07 Feb 2026 14:25 GMT

    … later if required. With credit demand improving, the focus will … Russian crude oil and American crude oil? How does this impact Indian refineries? Key … oil production and rising consumption of petroleum products, which are derived from crude oil. — Oil

  • The end of petroleum imports regime in Nigeria 07 Feb 2026 11:16 GMT

    … emergence of the Dangote Petroleum Refinery, the world’s largest … capacity to meet its own demand. Importation: A system … crude distillation capacity from 600,000 barrels per day to 700,000 barrels … long plagued Nigeria’s fuel supply chain: congested ports …

  • India’s oil calculus and reality behind Trump’s claims 07 Feb 2026 11:24 GMT

    … were willing to accommodate that demand, Korybko cautions that the structural … Indian refiners have suggested volumes might fall below one million barrels a … oil found in Russia and Venezuela, but not the light, sweet crude

  • Nigeria’s Per Capita Oil Production Risks Cutback In 2030  07 Feb 2026 10:00 GMT

    … progress on the 3 million barrels oil production target set for 2030 … by Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, and Permanent … you, sir, to adopt and demand contractors and producers to adopt …

  • IEA projects power demand to outrun energy growth 07 Feb 2026 07:54 GMT

    … 2030, significantly outpacing overall energy demand. The shift reflects the … more heavily on power to fuel growth, technology, and daily … of electric vehicles, greater demand for cooling, and the … where gas continues to replace oil in power generation. Coal, …

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