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Oil Demand Newsletter
  • 'Perfect storm' brings €2 per litre fuel back in prospect 21 Apr 2024 04:11 GMT

    … and the expected demand outlook. Despite attempts by OPEC to support … out that the Brent crude price is up by around … McPartlan, CEO of fuel retail representative group, Fuels for Ireland said. … Brent trading at $90 a barrel, $100 oil is firmly in sight. …

  • Geopolitical Tensions Fail to Spark Oil Price Surge 21 Apr 2024 01:30 GMT

    … per barrel. That’s the highest spare capacity at OPEC since … 2020, when the pandemic crushed oil demand and prices, and global producers … per EIA estimates. U.S. crude oil stocks have risen to a … “Most notably, total US commercial crude and product stocks are 3 …

  • Edible oil market now controlled by big four 21 Apr 2024 01:11 GMT

    … power. However, the number of refiners has declined by a third … a fourth of the demand for edible oil just 10 years ago … dozen of the major edible oil processors, including Noorjahan Group, … entrepreneurs closed down their edible oil business between 2008 and …

  • India calls for balancing energy stability amidst oil volatility 21 Apr 2024 00:08 GMT

    … -23, India imported crude oil, LPG, LNG, and petroleum products from OPEC countries, amounting … .5 million tonnes of crude oil, which is refined into fuels like petrol and … largest increases in petroleum production consumption (a measure of oil demand) in FY24 …

  • The US has a new insidious plan for Venezuelan oil 20 Apr 2024 23:20 GMT

    … control Russia and Saudi-led OPEC, or relent on the ideologically … sale and transport of Venezuelan crude oil" - something that the … domestic demand is now low. Perhaps Venezuela's untapped oil potential …

  • Thousands of summer holidays at risk as Just Stop Oil plot to cause havoc at airports 20 Apr 2024 22:19 GMT

    … a more radical demand.” Just Stop Oil will team up … fuel group Network netted over £400,000 from billionaire oil … industry in bringing forward sustainable fuels and best practices, and … James Cleverly criticised Just Stop Oil’s “unacceptable guerrilla tactics …

  • TotalEnergies' report delay: Lebanon presses TotalEnergies for report on oil exploration 20 Apr 2024 20:24 GMT

    … the trajectory of gas and oil exploration in its waters. … ministry will continue to demand and seek a legal formula … is underway between the Petroleum Administration and Energy Minister Walid … indicators regarding the presence of oil and gas, and TotalEnergies …

  • ‘Stability’ in oil markets amidst regional turmoil 20 Apr 2024 19:26 GMT

    … 88 a barrel. As the time for peak demand for this … Russia’s crude oil production has decreased, and its refineries are operating … around 3 million barrels falling under the OPEC+ quota system. … and under the protection of OPEC+ production. The USA, Brazil, …

  • China to draw more Venezuelan crude as India looks to avoid sanctions-hit barrels 20 Apr 2024 12:21 GMT

    crude as India takes a step back from purchasing South American barrels … , which authorized transactions related to oil and gas for six months … capped the demand for feedstocks," said an independent refinery source. According …

  • Biden Limits Oil Drilling Across Alaska's Petroleum Reserve 20 Apr 2024 12:40 GMT

    demand our protection.” The moves have drawn condemnation from oil, … 23-million-acre National Petroleum Reserve Alaska designated as … as the 600 million-barrel Willow project. The measure … landscape from further fossil fuel development that would threaten …

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