Oil demand
NNPC: Nigerians consumed 1.2bn litres of petrol in 30 days
Nigerians consumed about 1. 2 billion litres of petrol in January, with a daily utilisation rate of 38.6 million, a…
Oil prices rise despite impact of China virus on fuel demand haunting the market
Oil prices climbed on Friday, following a drawdown in U.S. crude stocks, but were set to fall heavily for the…
Oil prices fall as Russia touts easing OPEC+ output
Oil fell on Monday after Russia said an OPEC-led pact may consider easing output cuts next year, but prices held…
Oil prices to average $62.50 in 2020 as oversupply to persist
Uncertainty over global economic and oil demand growth will continue to weigh on oil prices next year as the oversupply…
Growth in global oil demand to slow from 2025 – IEA
Global oil demand growth is expected to slow from 2025 as fuel efficiency improves and the use of electrified vehicles…
Oil’s surge mainly about demand, not OPEC
By Jason Schenker U.S. President Donald Trump took to Twitter late last week to seemingly blame OPEC for making oil prices “artificially Very High.”…
OPEC raises output again as it sees higher 2018 oil demand
OPEC forecast higher demand for its oil in 2018 due to rising global consumption and slower supply growth from rivals,…
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