Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical Continue Reading
Oil held gains above the highest close since 2014 as the International Energy Agency said the market looked tighter than previously thought, with demand proving resilient to omicron. The global Continue Reading
A tight physical supply in crude markets could send oil prices even higher. Demand has proven to be more resilient to the effects of Omicron than many analysts had originally Continue Reading
Oil prices will exceed pre-pandemic levels over the next few years but where they will settle remains extremely uncertain, my seventh annual survey of energy market professionals shows. Brent crude Continue Reading
Oil supply will soon overtake demand as some producers are set to pump at or above all-time highs, the International Energy Agency (IEA) said on Wednesday, while demand holds up Continue Reading
The IEA raised projections for global oil demand by 200,000 barrels a day for both 2021 and 2022. Global oil markets look tighter than previously thought as demand suffers surprisingly Continue Reading
The EIA is expecting a supply crunch in oil markets as demand continues to grow, a scenario which could push oil prices higher. OPEC, on the other hand, is predicting Continue Reading
Highlights 2021 ends “on a high note” for global industry Capacity additions in 2022 could weigh on margins Refinery closures outweighed new capacity in 2021, leading to a drop in Continue Reading
Spare capacity will be uncomfortably low by H2 if production hikes persist Iran nuclear deal, Russia-West relations, Libya political chaos key risks 70 incidents observed since 2017, according to Platts Continue Reading
Highlights IEA raises 2021, 2022 demand forecasts by 200,000 b/d Global oil demand to average 99.7 million b/d in 2022 Cautions over the potential for volatile oil market this year Continue Reading
