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A service for energy industry professionals · Monday, January 20, 2025 · 778,755,270 Articles · 3+ Million Readers
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Oil Demand News Monitoring

  • Published on 16:32 GMT

    Global oil demand growth gains momentum

    The International Energy Agency’s (IEA) January 2025 Oil Market Report reveals a revised annual growth forecast for oil demand, reflecting a more robust recovery than initially anticipated. Global demand for oil is now projected to increase by 2.1M barrels …

    Source: Riviera - Neutral
  • Published on 11:24 GMT

    JP Morgan Analysts Say They Expect Oil Demand to Rebound in Coming Weeks

    In a research note sent to Rigzone by the JPM Commodities Research team late Wednesday, analysts at J.P. Morgan said they expect oil demand to rebound in the coming weeks. “Global oil demand has increased 1.2 million barrels per day year over year as of …

    Source: Rigzone - Neutral
  • Published on 20:24 GMT

    Norway cool on Trump’s demand for a massive defense spending increase

    “I think that this will also be a debate in the United States because they’re also far away from the 5 percent,” Gram said. He argued that spending as a percentage of GDP “is not everything.” “For Norway, the GDP varies a bit more than most countries …

    Source: Politico Europe - Neutral
  • Published on 11:30 GMT

    Current Climate: Suing Big Oil

    Current Climate brings you the latest news about the business of sustainability every Monday. Sign up to get it in your inbox. getty AsCalifornia contends with the massive costs to clean up and rebuild around Los Angeles after historic fires destroyed …

    Source: Forbes - Neutral
  • Published on 19:17 GMT

    Drill, baby, drill: Trump vows to pump, export more oil, lower prices

    Donald Trump’s first speech as the 47th President of the United States featured various slogans that he employed during his presidential campaign, and among them was “Drill, baby, drill”, indicating that his administration will push for more oil and gas …

    Source: The Indian Express - Center-left
  • Published on 13:50 GMT

    Oil is rising

    The Jobkins Center for Strategic Studies released its monthly report on oil for January 2025, where it records a rise above the barrier of 81 dollars per barrel in light of OPEC forecasts that there will be a convergent increase in demand for 2025 and 2026 …

    Source: Jordan News - Uncategorized
  • Published on 17:57 GMT

    Rising Oil Prices Drive Gas Costs Up Despite Low Demand, AAA Reports

    The national average price for a gallon of gas has risen by four cents to $3.10 over the past week, fueled by oil prices hovering around $80 per barrel. This increase comes despite low domestic gasoline demand, which dropped to 8.32 million barrels per day …

    Source: Small Business Trends - Label Pending
  • Published on 14:12 GMT

    Trump's Inauguration Day Uncertainty Fuels Energy Market Speculation

    Markets will be focused on today’s inauguration of President Trump with close attention on the large amount of executive orders he is reportedly planning to sign Energy – Specs Add to Brent Long Despite the rally in crude oil prices running out of steam …

    Source: Investing - Neutral
  • Published on 13:29 GMT

    Gas prices tick up in Louisville as oil prices reach highest level since July

    Gas prices across the country could change this week depending on what executive orders President Trump signs, petroleum experts say. LOUISVILLE, Ky. — Ahead of President-elect Donald Trump's inauguration, gas prices across the country and in …

    Source: WHAS 11 - Kentucky - Neutral
  • Published on 19:05 GMT

    Metro Vancouver gas prices jump as oil prices hit highest level since July

    You’ll be paying more at the pump this week after gas prices across Metro Vancouver jumped by more than six cents per litre. According to GasBuddy.com, the average price for a litre of regular gas was $1.81 on Sunday. CLICK HERE TO LISTEN TO 1130 NEWSRADIO …

    Source: Vancouver City News - Label Pending
  • Published on 12:25 GMT

    Expert faults govt for failing to shield Nigerians from global oil market shocks 

    Petroleum Engineer and Oil and gas analyst, Dr Bala Zakka, has criticised the Federal Government for failing to shield Nigerians from the volatility of the global oil market.  There has been a reported hike in the price of fuel in Nigeria as a result of …

    Source: Nairametrics - Neutral
  • Published on 12:25 GMT

    GasBuddy Report: Oil Prices Rising and Cold Snap Fuel Increase

    Average gasoline prices in Pennsylvania have risen 10.7 cents per gallon in the last week, averaging $3.36/g today, according to GasBuddy’s survey of 5,269 stations in Pennsylvania. Prices in Pennsylvania are 15.9 cents per gallon higher than a month …

    Source: WKOK - Pennsylvania - Uncategorized
  • Published on 12:11 GMT

    China's Oil Surplus Inched Higher in 2024

    China’s crude oil surplus last year increased to around 1 million bpd as refiners rushed to stock up on cheaper Russian crude, enjoying some purchasing flexibility for this year. Reuters’ Clyde Russell reported the average daily surplus stood at 1.15 …

    Source: Oil Price - Neutral
  • Published on 14:28 GMT

    In 2024, China broke the record for oil imports from Russia

    China imported 1% more oil from Russia in 2024 than in 2023, breaking a record. At the same time, purchases from Saudi Arabia fell by 9%. This is because China sought cheaper oil to compensate for weakening margins. Reuters reports on this. According to …

    Source: Babel - Neutral
  • Published on 15:16 GMT

    Guyana's Forever Oil

    Georgetown, the capital city of Guyana, sits at the meeting-point of the Demerara River and the Atlantic Ocean. At dusk, men fish from a narrow concrete embankment that juts out beyond the land, looking across the mouth of the river into the setting sun. …

    Source: New Internationalist - Left-wing
  • Published on 14:12 GMT

    Crude Oil Faces a Challenging Year Ahead Despite a Positive Start

    Crude oil prices are navigating a tug-of-war between geopolitical uncertainty, demand concerns, and shifting energy policies. Key technical levels, including the $75 support zone, could dictate the next major move for WTI futures. As OPEC adjusts its …

    Source: Investing - Neutral
  • Published on 13:32 GMT

    China buys record 108.5 million tons of Russian oil as Saudi imports fall 9%

    China’s crude oil imports from Russia reached a record high in 2024, rising 1% compared to 2023, while shipments from Saudi Arabia fell 9%, according to data released Monday. Refiners prioritized discounted Russian supplies to mitigate weakened margins. …

    Source: Profit by Pakistan Today - Neutral
  • Published on 20:15 GMT

    Unshackling Sri Lanka: Strategies to reduce fossil fuel dependency and risks in power generation

    Renewable energy is more cost-effective compared to several fossil fuel power generation alternatives   Sri Lanka’s power sector faces technical, financial, and competitive challenges affecting its sustainability. Among these challenges, the overdependence …

    Source: Daily FT - Label Pending
  • Published on 19:01 GMT

    Trump to declare 'national energy emergency' to boost fossil fuels, power projects

    By Timothy Gardner, Valerie Volcovici and Andrea Shalal WASHINGTON (Reuters) -President Donald Trump said on Monday he will declare a national energy emergency aimed at boosting U.S. oil and gas production, and lowering costs for U.S. consumers. The …

    Source: The Gazette - Colorado - Neutral

07 days 05:09:20

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