Sentences with phrase «oil demand growth at»

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.»

Not exact matches

Oil at $ 80 could also slow down global oil demand growth, undermining one of the cartel and friends» key assumptions: that robust demand growth will absorb the non-OPEC supply and that demand growth will continue to be strong going forwaOil at $ 80 could also slow down global oil demand growth, undermining one of the cartel and friends» key assumptions: that robust demand growth will absorb the non-OPEC supply and that demand growth will continue to be strong going forwaoil demand growth, undermining one of the cartel and friends» key assumptions: that robust demand growth will absorb the non-OPEC supply and that demand growth will continue to be strong going forward.

Economic growth is translating into oil demand growth and comes at a time that OPEC and Russia lead production cuts aimed at tightening the market.

On the demand side, oil at $ 80 could hurt global oil demand growth, which was the tailwind last year to help OPEC significantly reduce the oversupply.

Even at a time of slowing oil - demand growth, «that's an oil position I don't mind having,» says van Beurden.

Healthy demand growth for fuel not only in emerging economies led by China and India, but also in Europe, is helping global inventories to draw down faster now, keeping the oil market on the right track towards rebalancing, according to industry executives who spoke at a conference on Tuesday.

According to Mike Muller, Vice President of Crude Trading & Supply at Shell Trading, the soaring diesel fuel demand and the buying of crude oil to fill strategic reserves have been the key drivers of this year's higher oil demand growth.

The expected strong demand growth, coupled with OPEC's production cuts, is making oil analysts and traders at the Singapore conference more bullish this year than at the same event last year, according to Bloomberg.

Yet, the truth is that if demand growth stays at the rate we are currently at, then we will need that additional oil to meet global demand.

Demand growth «has stalled and that represents a significant change in the environment for producers both in OPEC and outside it,» said Dave Ernsberger, global head of oil content at S&P Global Platts.

While we have no idea where oil prices will settle in the short run, it remains our view that oil prices can not stay down at today's depressed prices for too long, largely due to what we believe to be the relatively modest current level of excess capacity, our expectations of continued growth in demand over time, and the high marginal costs for finding and developing new sources of supply.

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

Did any of you oil & gas industry promoters read that Mexico City had discovered a new aquifer at 5000 feet of depth that will meet their growth demand for the next 50 years or more, which might very well be a good reason not to pollute our deep depth aquifers too?

For 2018, oil demand growth was also unchanged at 410,000 bpd.

Reliance on foreign oil imports increasingly puts the state's fuel supply at risk, not only because of security and reliability concerns, but also because the marine ports are not expanding to meet expected growth in demand.

Sadad al - Husseini, recently retired as head of exploration and production at Aramco, the Saudi national oil company, notes that new oil output coming on - line had to be sufficient to cover both annual growth in world demand of at least 2 million barrels a day and the annual decline in production from existing fields of over 4 million barrels a day.

«World oil resources,» it states, «are judged to be sufficient to meet the projected growth in demand to 2030 ″ (2); though it says nothing about what happens at that point, or whether they will continue to be sufficient after 2030.