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Oil Markets in 2026: “Superglut” meets Trump 2.0
04 Feb 2026 17:25 GMT
… expected to exceed demand by 3.7 million barrels per day, … a margin by processing Russian crude. However, the recent implementation … and Jet Fuel
The electric vehicle revolution will transform oil demand, China’ … anxiety over low prices.
OPEC’s Approach to Q1 …
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OPEC+ to maintain oil production levels amid tensions in Iran
04 Feb 2026 17:04 GMT
… to about 3% of global oil demand. However, in November the group … added that OPEC’s own data show demand for OPEC+ crude declining in the … interim government, continues to export crude oil to the US, and the …
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The Commodities Feed: Oil rising as US-Iran tensions re-emerge
04 Feb 2026 17:24 GMT
… is the second-largest OPEC producer, pumping a … Petroleum Institute (API). The numbers show that US crude oil … refined products, gasoline inventories increased by 4.7m barrels, while distillate fuel oil … infrastructure and boosted heating demand. The more widely …
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API weekly crude stock plummets, signaling bullish trend for crude prices
04 Feb 2026 17:24 GMT
… the inventory levels of US crude oil, gasoline, and distillates … influence crude prices, as it provides an overview of US petroleum demand. … of 0.247 million barrels. The current week’s … strong indicator of increased demand for crude oil, signaling a bullish …
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Green jet fuel costly, but securing demand is key to wider adoption: Industry leaders
04 Feb 2026 20:00 GMT
… sales and trading of renewable fuels for Europe, the Middle East … .”
To create this demand, the use of green fuel has to be … waste materials like used cooking oil, the levy amount will be …
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Phillips CEO discusses strong Q4 earnings, oil refining demand
04 Feb 2026 16:30 GMT
… pretty optimistic on the overall demand outlook, especially in the uh … 're a consumer of crude oil in our system. And more … , they were at 3 million barrels per day or more back … fine. Um gasoline demand has held up. Diesel demand has been strong …
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Reviving Venezuela's oil business will 'take time': Phillips 66 CFO
04 Feb 2026 18:43 GMT
… 're a consumer of crude oil in our system. And more … year that that supply and demand become better in balance?
01 … ;re pretty optimistic that the demand trends are going in our … , they were at 3 million barrels per day or more back …
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‘India free to buy oil from any supplier,’ says Kremlin after Trump’s claim that Modi agreed to stop Russian oil purchase
04 Feb 2026 17:53 GMT
… not the only supplier of oil and petroleum products to India. India … “Our energy resource is in demand; we see this often. Supply … will always find demand, because the balance is … on India for purchasing Russian oil.
Washington also accused New …
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Stop Oil Exploration Now, Ogoni Liberation Initiative Tells FG
04 Feb 2026 19:28 GMT
… of Rivers State.
The demand was made during a … that the resumption of oil operations without full environmental … , through the Nigerian National Petroleum Company Limited (NNPC), should … .
Beyond oil operations, the group renewed its demand for accountability …
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Novak Says Oil Demand to Gradually Rise in March, April
04 Feb 2026 12:03 GMT
… on the global oil market, while demand will be gradually … .
OPEC expects oil demand to rise by 1.34 million barrels per … .
The report forecast demand for OPEC+ crude will average 43 million … that demand for OPEC+ crude will average 43.6 million barrels per …