China’s Oil consumption To Peak Around 2026, Says Sinopec’s Exec
Sinopec Corp’s top executive says China’s oil consumption is predicted to peak around 2026 at about 16 million barrels per day. He also said that the consumption of natural gas ...
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Tag: Oil Demand
OPEC+ Panel Insists On 400K-bpd Increases
On July 1, 2021, an OPEC+ ministerial panel recommended a slow increase in oil output to the end of this year. This gradual increase will pave the way for a ...
Africa Might Be Oil’s Final Frontier
The COVID-19 pandemic has devastated the global economy and the oil sector was not spared. Throughout the world, explorers have suspended drilling and producers have idled wells. Even Big Oil ...
Where Will Future Demand For Oil Come From?
It has been 60 years since the OPEC was formed. Over the years, oil prices have been rising and falling to suit various market conditions. However, 2021 has been a ...
Oil Prices Rise On US Agreement To COVID-19 Plasma Treatment
Oil has been one of the worst-hit sectors by the rapid spread of COVID-19 since March. However, the industry has benefited after US President Donald Trump made a groundbreaking announcement. ...
The Biggest Oil Importer Globally Is Running Low On Storage
Global oil storage was at a premium when the bottom fell out of international crude oil markets earlier in 2021. In the US, getting enough crude oil storage became a ...
Trading212 Suspends Oil Futures as Crude Enters Negative Territory
Global demand for oil has fallen considerably due to the coronavirus lockdown and now oil prices are reaching historic lows. Brokerage platform Trading212 has suspended the oil futures contract in ...