Sentences with phrase «oil demand forecasts»

the International Energy Agency's (IEA) downgraded global oil demand forecasts, which contradicts OPEC's rosier outlook that demand for oil will strengthen.

Indeed, global oil demand forecasts are being cut by nearly everyone in the business, whether it's the International Energy Agency, the U.S. Energy Information Agency, or even OPEC.

CNBC's Jackie DeAngelis reports that oil prices were affected by weak trade data out of China and the EIA cutting its world oil demand forecast.

The IEA kept its oil demand forecast at 1.5 million barrels per day (mb / d), although it noted that the back - and - forth on trade tariffs between the U.S. and China puts the demand outlook at risk.

It is this year's U.S. oil demand forecast from the Department of Energy's Energy Information Administration (EIA).

The White House's key energy policy document cites the EIA's oil demand forecast, and its outlook for steady oil demand decades into the future, as the basis for the latest round of lease sales in the Outer Continental Shelf, which includes areas in the Atlantic Ocean offered for the first time in decades together with new areas made available north of the Arctic Circle in the Chukchi Sea.

Not exact matches

In supporting analysis for the Keystone application in 2006, Purvin and Gertz forecast that, demand in the midwest oil administrative district «would grow and that increasing supplies of Canadian crude oil could handle this growth in addition to offsetting declining U.S. domestic production.»

When the company auctions that oilfield drill, for example, the goal is for its pricing model to forecast demand in the near future based on different factors, such as the price of oil, leaving Ritchie Bros. less vulnerable to market surprises.

The drivers behind OPEC's forecast include steadily rising economic activity around the world, strong demand for transportation fuels like gasoline and jet fuel and a growing petrochemical industry, which turns byproducts from oil and natural gas into chemicals.

In February, OPEC anticipated demand for its members» oil in 2013 would dip by about 100,000 barrels per day compared to previous forecasts, mainly because of increased production in North America.

On the demand side, OPEC said it now expects the world's appetite for oil to grow by 1.59 million barrels a day, up 60,000 bpd from last month's forecast.

Should world GDP grow anywhere close to the IMF's medium term forecast in the high 3 percent range, oil demand growth will rise by closer to 2 million b / d than 1 million b / d by our reckoning.

The IEA also upped its forecast for global oil demand for this year and next year due to revised estimates for Russian and Chinese demand.

Global oil demand is expected to reach 1.5 million barrels per day this year, up from the 1.4 million forecast last month.

Global oil demand is expected to reach 1.5 million barrels per day this year, the agency said, revising up its July forecast from 1.4 million.

Ben Luckock is in fact so bullish that he forecast demand could exceed supply of crude oil by 2 - 4 million bpd by the end of 2019 because of the US$ 1 - trillion in spending plans that never saw the light of day as a result of the 2014 price crash.

If the planet is to avert the worst scenarios for climate change, the optimistic long - run forecasts for oil demand growth put forward by energy giants such as Exxon can be thrown out the window.

«Lower oil prices are precipitating an upwards revised forecast for world demand,» Andy Lipow, president of Lipow Oil Associates LLC in Houston, told Bloombeoil prices are precipitating an upwards revised forecast for world demand,» Andy Lipow, president of Lipow Oil Associates LLC in Houston, told BloombeOil Associates LLC in Houston, told Bloomberg.

Not long ago, electric cars were curiosities — auto show novelties, toys for the rich, outliers in oil - demand forecasts.

The IEA revised up its forecast for oil demand growth this year, upping it to 1.6 million barrels per day (mb / d) from its July estimate of just 1.5 mb / d.

The stronger forecast is notable not just because it puts oil demand growth at its hottest in a long time, but also because the IEA essentially shrugged off any lingering effects from the storms in the U.S., concluding that the «impact on global markets is likely to be relatively short - lived.»

The IEA reported that world oil supply fell by 720,000 bpd in August compared to July, while on the other hand, the agency revised up its forecast for oil demand growth this year to 1.6 million bpd from the previous estimate for 1.5 million bpd growth.

Earlier this month, the International Energy Agency (IEA) revised upwards its forecast for oil demand growth this year to 1.6 million bpd from the previous estimate for 1.5 million bpd growth.

The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply cuts while revising up its forecast for production from Continue Reading

The latest peak demand forecast comes from BP, which is predicting that the demand for oil will peak before 2040.

The EIA continues to forecast that global oil demand will increase by 1.5 million b / d for the next year or two.

The strengthening industry performance is being driven by a combination of factors: • Lower oil prices (forecast to be $ 55 / barrel Brent in 2015 and averaging a lower $ 51 / barrel in 2016) are giving airline profits a boost; however this is strongly moderated in many markets by the appreciation of the US dollar • Strong demand for passenger travel (6.7 % growth in 2015 and 6.9 % in 2016) is making up for disappointing cargo demand growth (1.9 % in 2015; strengthening to 3.0 % in 2016).

Short - term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market's increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider.

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The January crude contract on the New York Mercantile Exchange fell 99 cents to US$ 59.95 a barrel, adding to a loss of almost $ 3 racked up Wednesday after OPEC cut its forecast for global demand for the cartel's oil.

IEA forecast for U.S. oil production and demand against Saudi Arabian production (Million barrels / day)

China's total oil consumption is slated to continue increasing; EIA forecasts that growth in China's demand for oil will represent 64 % of projected world oil demand growth during 2011 - 2013.

IEA highlights production growth outlook for Brazilian oil and biofuels even as demand dips Deputy Executive Director presents medium - term forecast at event organised by Ministry of Mines and Energy 20 April 2016

This includes forecasts for growth in oil demand.

Global oil supply to lag demand after 2020 unless new investments are approved soon New five - year market forecast points to a tight global oil market, with spare production capacity in 2022 falling to its lowest share since 2008 6 March 2017

November Oil Market Report forecasts slower growth in 4th - quarter global demand Supply increased in October, IEA short - term outlook finds 13 November 2012

The agency added that U.S. oil demand for 2017 is on course to grow by 160,000 bpd, unchanged from its previous forecast.

ConocoPhillips (COP) Chief Executive James Mulva had earlier told a New York financial conference that he doubted that world oil producers would be able to meet forecast long - term energy demand growth.

The IEA's forecasts for oil demand have consistently declined for several years and demand growth appears to be slowing without a concerted effort from most countries.

Forecasted demand for oil throughout 2016 remains weak, and although US production looks to be curtailing, it remains to be seen if the reduction in output from the world's largest oil producer will have enough impact on surplus supplies to drive prices upwards.