Sentences with phrase «strong oil demand growth»

Also, the oversupply is now dropping faster and more consistently on the back of strong oil demand growth and the Brent futures flipping to backwardation, which discourages traders from keeping oil in storage.

Boosted by the bullish supply - demand reports, oil prices rallied on Monday, with Brent hitting a more than two - year high on strong oil demand growth and the threat to Kurdish oil exports over the referendum on independence.

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.

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.»

In the month to end - September, the International Energy Agency (IEA) and OPEC issued reports suggesting that the global commercial oil stocks have been diminishing, while oil demand growth is strong and expected to stay that way.

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.

Then Q2 oil demand growth figures started coming in, and showed that demand growth was stronger than expected and would continue to be robust in the months to come.

A recent report by the International Energy Agency revised oil demand growth upward by 1.4 million barrels per day «led by strong gains in India, China and, more surprisingly, Russia.»

In some of the oil - producing Gulf states, where there are explicit dollar pegs, demand growth is very strong and inflation has increased.

Oil producers have also benefited from the global upswing, as stronger economic growth has spurred demand for energy.

As supply remains strong, demand growth is expected to weaken alongside a decline in the economy of China, the world's No. 2 oil consumer.

Moore notes Wellard's earnings have strong leverage to rising demand for meat, a lower Australian dollar and oil price, and «a clear growth strategy that should underpin solid earnings growth over the next few years.»

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).

... Oil has been hit by the double whammy of strong supply and weakening demand growth.

The increase in emissions of the all - important greenhouse gas came as global energy demand itself increased thanks to strong economic growth — and that demand was sated by all types of energy, including renewables but also oil, coal and natural gas.