Chevron CEO Mike Wirth dismisses recession fears, citing no visible signs of economic downturn despite tariff pressures on oil demand
#YonhapInfomax #ChevronCEO #USEconomy #OilDemand #Tariffs #RecessionFears #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=59803
#OilDemand
China shifts focus to Canadian crude oil imports amid U.S. trade tensions, boosting global oil prices as WTI rises 1.86% on expectations of sustained demand.
#YonhapInfomax #CrudeOilImports #China #WTIPrice #CanadianOil #OilDemand #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=59037
OPEC lowers oil demand forecast due to Trump tariffs, while WTI crude closes slightly higher amid market uncertainties and U.S.-Iran nuclear negotiations.
#YonhapInfomax #OPEC #OilDemand #TrumpTariffs #WTICrude #IranNuclearProgram #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=58637
ICYMI: Report: Nigeria's Crude Oil Faces Declining Demand as Unsold Cargoes Accumulate https://www.rainsmediaradio.com/2025/03/report-nigerias-crude-oil-faces.html?utm_source=dlvr.it&utm_medium=mastodon Follow, Like & Share #Nigeria #CrudeOil #OilDemand #EnergyTransition #EconomicDiversification
Oil prices surge over 2% as U.S. crude inventories fall more than expected, easing recession fears and boosting demand outlook, with WTI up 2.16% to $67.68 per barrel.
#YonhapInfomax #OilPrices #WTICrude #CrudeInventories #OilDemand #OPEC #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=53933
New York oil prices drop over 1% as Trump administration acknowledges potential U.S. economic slowdown, raising concerns about oil demand and market stability.
#YonhapInfomax #WTICrude #OilPrices #EconomicSlowdown #TrumpAdministration #OilDemand #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=53629
Signs point to China nearing peak oil demand. Imports fell nearly 2% year-over-year. If this trend continues, it could transform the global economy. What will this mean for oil prices? #OilDemand
Josef Schachter: Oil Prices to Rise in 2025, Stocks Now at Bargain Levels https://www.bocvip.com/700364/josef-schachter-oil-prices-to-rise-in-2025-stocks-now-at-bargain-levels/ #Canada #China #DonaldTrump #DuvernayFormation #economy #gas #investing #InvestingNews #JosefSchachter #JustinTrudeau #MiddleEast #Mining #MontneyFormation #NaturalGas #NaturalGasPrice #oil #OilAndGas #OilAndGasStocks #OilDemand #OilPrice #OilPrices #OilSupply #OPEC #Russia #SchachterEnergyReport #Schachter'sEyeOnEnergy #tariffs #Ukraine #UnitedStates
Got an empty oil storage tank just sitting around...?
#batteries #battery #energystorage #energy #renewableenergy #flowbattery #circulareconomy #reuse #recycle #repurpose #energytransition #peakoil #oil #oilproduction #oildemand #innovation #startups
https://cleantechnica.com/2024/12/21/new-flow-battery-to-take-up-housekeeping-in-derelict-oil-tanks/
Got an empty oil storage tank just sitting around...?
#batteries #battery #energystorage #energy #renewableenergy #flowbattery #circulareconomy #reuse #recycle #repurpose #energytransition #peakoil #oil #oilproduction #oildemand #innovation #startups
https://cleantechnica.com/2024/12/21/new-flow-battery-to-take-up-housekeeping-in-derelict-oil-tanks/
The IEA has lowered its oil demand growth forecast for the third consecutive month due to a significant drop in Chinese consumption. The revised estimate predicts an increase of 862,000 bpd this year, down from 903,000 bpd. For 2025, the forecast sees demand rising to 103.8M bpd, with China expected to contribute only 20% to global gains, a stark decline from nearly 70% last year. OPEC’s forecast remains more optimistic, predicting a growth of 1.93M bpd this year.#OilDemand #IEA #OilMarket
OPEC reports August crude oil production at 26.59M bpd, down 197K bpd from July, mainly due to Libyan decline. It also trims 2024 global oil demand growth forecast to 2.03M bpd and 2025 forecast to 1.74M bpd. #OPEC #OilProduction #OilDemand #Energy
Bluff and bluster:
Exxon is playing a gigantic game of chicken, with billions of investor money and the health of the planet on the table.
Exxon forecasts 2050 oil demand to match today's, 25% above BP estimate
"Exxon estimates #ElectricVehicles will not significantly alter long-term global #OilDemand, as the world's population is expected to increase from 8 billion today to nearly 10 billion in 2050, adding to demand for energy."
Global economic growth steady at 2.8% for 2024. Non-OECD economies, especially BRICs, performed well in 1H24. Oil demand to grow by 2.3 mb/d in 2H24, led by US and China. Non-DoC liquids supply to increase by 0.7 mb/d in 2H24. #OPEC #GlobalEconomy #OilDemand #OilSupply #Energy
#IEA: China's oil demand growth dropped to 95k bpd in April from 800k bpd in Q1. Non-OPEC+ to add 1.4M bpd in 2024. Global demand to peak at 105.6M bpd by 2029, then decline. Supply capacity will reach 114M bpd by 2030. #OilDemand #OilSupply #EnergyForecast #China #Economy
OPEC: Global services sector to drive 2H 2024 growth, boosting oil demand. Nigeria's output up 74,000 bpd; Saudi down 32,000 bpd. OPEC's May output +29,000 bpd to 26.63M bpd. Demand forecasts steady: 2024 at 2.25M bpd, 2025 at 1.85M bpd. #OPEC #OilDemand #OilProduction
The number of drilling rigs worldwide rose by 63 last month to 1864, with a rise of 12 rigs in OPEC countries and 51 in non-OPEC countries. Global oil demand is expected to increase by 2.24 million barrels compared to last year, reaching 104.4 million barrels, driven by capacity expansions and petrochemical margins in non-OECD countries, particularly in China and the Middle East. #OPEC #OilProduction #OilDemand #CrudeOil #OilMarket #EnergySector #GlobalEconomy
The share of OPEC crude oil in total global production decreased by 0.2 percent last month compared to the previous month, amounting to 25.9 percent. Demand for OPEC crude oil is forecasted to increase by 1 million barrels per day compared to last year, reaching 28.4 million barrels per day this year, and further rising to 28.8 million barrels per day next year. #OPEC #OilProduction #OilDemand #CrudeOil #OilMarket #EnergySector #GlobalEconomy
Daily oil production dropped by 162 thousand barrels in Libya, 109 thousand barrels in Kuwait, 98 thousand barrels in Iraq, and 46 thousand barrels in Algeria. Meanwhile, the United Arab Emirates saw a daily production increase of 31 thousand barrels, and Saudi Arabia's production rose by 25 thousand barrels. #OPEC #OilProduction #OilDemand #CrudeOil #OilMarket #EnergySector #GlobalEconomy
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