Global oil demand 'clings by a thread' and even AI might not do much to boost crude
Global oil demand is slowing and will peak by 2030, Bank of America estimates.Even the rollout of power-intensive AI infrastructure won't change this.Appetite for crude will slow as global GDP declines and the green transition continues.
OPEC sticks to 2025, 2026 global oil demand growth forecasts
OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel would support consumption and potential trade tariffs were not expected to impact economic growth.
OPEC Maintains Oil Demand Growth Outlooks, Flags Tariff Uncertainty
The Organization of the Petroleum Exporting Countries on Wednesday maintained its global oil demand projections for 2025 and 2026, while flagging uncertainty from the impact of potential tariffs. The cartel continues to expect world oil demand to grow by 1.
EIA sees global oil glut expanding as production keeps growing
Crude oil futures climbed to a two-week high, as concerns over sanctions on Russian and Iranian oil supplies and rising Middle East tensions outweighed worries over a potential trade war.
OPEC Sticks to Oil-Demand View, Flags U.S. Trade Policy Risks
The cartel stuck to its oil-demand forecast after reaffirming plans to gradually hike output from April, but said Trump’s trade policy is injecting a dose of uncertainty into markets.
Oil sinks 2% after Trump calls Putin, Zelenskiy to discuss end to war in Ukraine
Oil prices settled down more than 2% on Wednesday after U.S. President Donald Trump took the first big step toward diplomacy ...
Tariffs could weigh on global demand, causing downside risk for oil, Morgan Stanley says
Curde oil futures started the week with gains after three straight weeks of losses, undeterred by President Trump's plans to ...
Rigzone5d
JP Morgan Says Global Oil Demand 'Surged' to Over 101MM Bpd in January
The early signs are promising, hinting that this upward momentum will carry into February', analysts at J.P. Morgan said.
Vitol Expects Global Oil Demand in 2040 to Stay Similar to Current Levels -- OPIS
In its long-term oil demand outlook, Vitol said Monday that global oil demand could reach almost 110 million b/d at the end of 2030 and is likely to remain at that level until it begins to decline ...
Marketplace8d
Tariffs are looming. But a lot of things are shaping oil prices this year.
Thanks to abundant supply and fairly flat demand, oil prices are forecast to fall — unless tariffs and geopolitics get in the ...
India’s gasoline demand may rise sharply in 2025-26: report
The demand for transportation fuel in India is projected to increase by 6%-8% in fiscal year 2026 on a rise in vehicle sales.
Business Times8h
Oil sinks 2% after Trump calls Putin, Zelensky to discuss end to war in Ukraine
OIL prices settled down more than 2 per cent on Wednesday (Feb 12) after US President Donald Trump took the first big step ...