Tagged With Oil Demand

IEA cuts global oil demand outlook in 2020 to 2013 levels; 'treacherous' path lies ahead for economic recovery


Oil demand may never rebound to pre-pandemic highs as world shifts to renewables, BP says


The IEA warns global oil demand will shrink further in both 2020 and 2021, held up by gloomy air travel



Oil climbs as slowing COVID-19 cases spur hopes of a demand recovery


Dow climbs 358 points as Trump stimulus orders offset China tensions


Oil jumps 4% to the highest in 5 months after the EIA reports an inventory drop



Oil soars to highest since March as investors boost optimism for economic recovery


Oil demand will rebound sharply in 2021, surpassing pre-virus levels, OPEC says


Goldman Sachs says global oil demand won't rebound to pre-coronavirus crisis levels until at least 2022


The IEA warns global oil demand will drop by $324 million a day in 2020, the biggest decline in history, before a rapid rebound in 2021


Oil climbs above $40 for the first time in 3 months on hopes of extended production cuts


Oil slips 9% as China's economic recovery looks shakier than hoped



Chinese oil demand has reportedly almost rebounded to pre-pandemic levels


A London-based trading house bought 250,000 barrels of oil during the historic plunge below $0, and likely made a fortune


OPEC said it expects oil demand to drop by 9 million barrels per day this year, a 33% increase from its last forecast


Goldman Sachs says global oil demand will bounce back but could be hit hard by the lack of business travel



The number of active oil rigs around the world plunges almost 30% in April as demand dries up


OPEC members are considering oil-production cuts ahead of schedule in order to backstop plunging prices, new report says


Traders piled $1.6 billion into an oil ETF last week — right before prices went negative for the first time in history


Oil is experiencing rare oversupply that's threatening to further whipsaw the market and drive prices even lower