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2019-08-12 13:25:00

UNCERTAINT OIL DEMAND GROWTH

UNCERTAINT OIL DEMAND GROWTH

IEA - While geopolitical tensions in the Middle East Gulf remain high, with US sanctions recently extended to more Iranian officials and a Chinese oil importer, as well as another tanker seizure, oil prices (Brent) have eased back from the most recent high of $67/bbl. Shipping operations are at normal levels, albeit with higher insurance costs. The messages from various parties that vessels will be protected to the greatest extent possible, and the IEA's recent statement that it is closely monitoring the oil security position in the Strait of Hormuz will have provided some reassurance.

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Earlier:

UNCERTAINT OIL DEMAND GROWTH
2019, August, 9, 13:15:00
OIL PRICE: ABOVE $57
Brent crude futures were at $57.80 a barrel by 0854 GMT, up 42 cents from their previous settlement. West Texas Intermediate (WTI) futures were at $52.80 per barrel, up 26 cents.
UNCERTAINT OIL DEMAND GROWTH
2019, August, 7, 12:20:00
OIL PRICES 2019-20: $64-65
Brent crude oil spot prices averaged $64 per barrel (b) in July, almost unchanged from the average in June 2019 but $10/b lower than the price in July of last year. EIA forecasts Brent spot prices will average $64/b in the second half of 2019 and $65/b in 2020. The forecast of stable crude oil prices is the result of EIA’s expectations of a relatively balanced global oil market. EIA forecasts global oil inventories will increase by 0.1 million barrels per day (b/d) in 2019 and 0.3 million b/d in 2020.
UNCERTAINT OIL DEMAND GROWTH
2019, July, 30, 12:15:00
IEA READY TO ACT
The Strait of Hormuz is a vital maritime transit route for world energy trade. About 20 million barrels of oil transit each day through the Strait, or about 20% of global supply. It is also the route for around a quarter of global liquefied natural gas trade.
UNCERTAINT OIL DEMAND GROWTH
2019, July, 20, 13:15:00
OIL DEMAND IS SLOWING
The International Energy Agency (IEA) doesn’t expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director said on Friday.
UNCERTAINT OIL DEMAND GROWTH
2019, July, 12, 08:10:00
GLOBAL OIL DEMAND GROWTH 2019-20: 1.14 MBD
In 2019, the global oil demand growth forecast remains at 1.14 mb/d, with expectations for global oil demand to reach 99.87 mb/d. In 2020, the initial forecast indicates growth of around 1.14 mb/d y-o-y, as global oil demand is anticipated to surpass the 100 mb/d threshold on an annual basis, to average 101.01 mb/d for the year.
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Tags: OIL, DEMAND, GROWTH, PRICE
Chronicle:
UNCERTAINT OIL DEMAND GROWTH
2019, December, 11, 10:25:00
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UNCERTAINT OIL DEMAND GROWTH
2019, December, 11, 10:20:00
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UNCERTAINT OIL DEMAND GROWTH
2019, December, 11, 10:15:00
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UNCERTAINT OIL DEMAND GROWTH
2019, December, 11, 10:10:00
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UNCERTAINT OIL DEMAND GROWTH
2019, December, 11, 10:05:00
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UNCERTAINT OIL DEMAND GROWTH
2019, December, 11, 10:00:00
U.S. LOCATIONS OF RENEWABLES
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UNCERTAINT OIL DEMAND GROWTH
2019, December, 11, 09:55:00
ARAMCO'S IPO $25.6 BLN
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