Tag: Global oil demand

Energy Consumption, Global

Growth in global oil demand more than doubled in the third quarter, IEA reveals

November 15, 2019

Via: CNBC energy

Global oil demand in the third quarter of 2019 grew by 1.1 million barrels a day, more than double the 435,000 barrels a day in the previous quarter, according to the latest report from the International Energy Agency (IEA). China […]

Chemical, Conventional Fuels

The US shale revolution won’t stall despite headwinds, global oil experts say

November 11, 2019

Via: CNBC energy

U.S. shale oil production has shown some signs of moderation in recent months and production growth could be slowing, but experts told CNBC at Abu Dhabi’s influential oil & gas summit that the U.S. shale revolution won’t be stopped any […]

Chemical, Conventional Fuels, Energy Consumption, Global

OPEC cuts oil demand growth forecast for a third consecutive month

October 10, 2019

Via: CNBC energy

OPEC trimmed its forecast for oil demand growth for the third month in a row on Thursday, citing weaker-than-expected data in the Asia Pacific region as well as advanced economies in the Americas. The move is likely to add to […]

Chemical, Conventional Fuels, Energy Consumption, Global

OPEC’s oil output falls to 5-year low in May as group warns of weaker demand

June 13, 2019

Via: CNBC energy

Oil output from OPEC fell in May, hitting a five-year low as the group warned that U.S.-China trade tensions could lead to slower economic growth and weak fuel demand. Production from the 14-nation producer club fell by 236,000 barrels per […]

Commercialization, Conventional Fuels, Energy Consumption, Global

Why Oil Prices Have Crashed – And What Investors Should Do Now

June 7, 2019

Via: Forbes

It was only a month ago that I began advising investors to ease up on certain energy stocks, following 20%-30% gains since the beginning of the year. But a brutal May and a weak start to June have sent oil […]

News and Policies, World

Oil Demand Is Growing Nearly Everywhere

September 1, 2017

Via: Forbes

Earlier today I delivered the keynote address at the Uintah Basin Energy Summit in Vernal, Utah. The Uintah Basin is an oil-producing region predominantly in the eastern portion of Utah. Like many other oil-producing states, Utah saw its oil production […]