Oil slips, building on two straight weeks of declines  CNBCView Full coverage on Google News

SINGAPORE/LONDON/NEW YORK: Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic's ongoing assault on the global economy.SINGAPORE/LONDON/NEW YORK: Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic's ongoing assault on the global economy.

Oil industry paints grimmer picture of pandemic's harm to demand | The Star

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In its 60th year, organisation will continue to carve a strategic role for itself and oilIn its 60th year, organisation will continue to carve a strategic role for itself and oil

There is no lessening of relevance for OPEC | Analysis – Gulf News

BP predicts that world oil demand could peak by the early 2020s — meaning oil giants could be in deep trouble.BP predicts that world oil demand could peak by the early 2020s — meaning oil giants could be in deep trouble.

'Farewell, fossil fuels'? What oil's demise will do to the world's leading economies | TheHill

BP predicts that world oil demand could peak by the early 2020s — meaning oil giants could be in deep trouble.BP predicts that world oil demand could peak by the early 2020s — meaning oil giants could be in deep trouble.

'Farewell, fossil fuels'? What oil's demise will do to the world's leading economies | TheHill

In 1973, Arab members of the Organization of Petroleum Exporting Countries brought the U.S. economy to its knees. Since Saudi Arabia and other Arab OPEC members imposed their famous oil embargo as retribution for U.S. support for Israel during the Yom Kippur War, shifts in global politics and a surgeIn 1973, Arab members of the Organization of Petroleum Exporting Countries brought the U.S. economy to its knees. Since Saudi Arabia and other Arab OPEC members imposed their famous oil embargo as retribution for U.S. support for Israel during the Yom Kippur War, shifts in global politics and a surge

Once an American foe, now a friend: OPEC turns 60

Oil prices rose more than 2% on Tuesday, supported by hurricane supply disruptions in the United States, but demand concerns loomed as energy industry forecasters predicted a slower-than-expected recovery from the pandemic.Oil prices rose more than 2% on Tuesday, supported by hurricane supply disruptions in the United States, but demand concerns loomed as energy industry forecasters predicted a slower-than-expected recovery from the pandemic.

Oil rises over 2% as U.S. Gulf Coast braces for hurricane | Reuters

Oil fails to gain more upside momentum amid fears about the pace of oil demand recovery.Oil fails to gain more upside momentum amid fears about the pace of oil demand recovery.

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WTI eases from intraday high, also the one week top, while taking rounds to $38.70 during the initial Asian trading on Wednesday. The energy benchmarkWTI eases from intraday high, also the one week top, while taking rounds to $38.70 during the initial Asian trading on Wednesday. The energy benchmark

WTI Price Analysis: 200-hour EMA probes the bulls cheering API inventory draw

The United Arab Emirates almost entirely disregarded its commitment to OPEC+ production quotas last month, when it opened the taps even further, according to the International Energy Agency.The United Arab Emirates almost entirely disregarded its commitment to OPEC+ production quotas last month, when it opened the taps even further, according to the International Energy Agency.

UAE pushes oil output past OPEC+ targets, IEA says

As the Organization of the Petroleum Exporting Countries (OPEC) turns 60 years old this week, the organisation and its 10 allied member countries known as OPEC+ will hold a virtual meeting of its Joint Ministerial Monitoring Committee (JMMC), which is tasked with monitoring compliance of their supply cuts currently standing at 7.7 million barrels per day (bpd).As the Organization of the Petroleum Exporting Countries (OPEC) turns 60 years old this week, the organisation and its 10 allied member countries known as OPEC+ will hold a virtual meeting of its

OPEC seeks to steady the ship as oil demand falls | Arab News

Colombia’s state-held oil firm Ecopetrol, which has a strategic alliance with Occidental Petroleum to develop acreage in the PermianColombia’s state-held oil firm Ecopetrol, which has a strategic alliance with Occidental Petroleum to develop acreage in the Permian

Colombia’s Oil Major Plans To Drill 100 Wells In The Permian | OilPrice.com

The International Energy Agency trims forecasts for global fuel consumption for the rest of the year.The International Energy Agency trims forecasts for global fuel consumption for the rest of the year.

IEA: Oil market 'even more fragile' due to resurgent coronavirus | News | Al Jazeera

Oil markets are struggling under an onslaught of bearish news, with supply concerns and weak demand recovery combining to drive prices downOil markets are struggling under an onslaught of bearish news, with supply concerns and weak demand recovery combining to drive prices down

Oil Market Sentiment Shifts As Supply Concerns Mount | OilPrice.com

Latest IEA outlook shows more fragility in oil market with price per barrel remaining below $42.Latest IEA outlook shows more fragility in oil market with price per barrel remaining below $42.

IEA: Oil market fragile as pandemic continues to hit demand

The pandemic massively reduced the world's consumption of oil. Now two influential reports suggest that this state of affairs will continue well into 2021 — if not longer.The pandemic massively reduced the world's consumption of oil. Now two influential reports suggest that this state of affairs will continue well into 2021 — if not longer.

Energy Players See Future Of Depressed Oil Demand : NPR

The American Petroleum Institute reported late Tuesday that U.S. crude supplies dropped by 9.5 million barrels for the week ended Sept. 11, according to...The American Petroleum Institute reported late Tuesday that U.S. crude supplies dropped by 9.5 million barrels for the week ended Sept. 11, according to...

API data show a weekly drop of more than 9 million barrels in U.S. crude supplies, sources say - MarketWatch

Libya is set to reopen its oil ports soon, potentially bringing an extra 1 million barrels per day to an already oversupplied global market.Libya is set to reopen its oil ports soon, potentially bringing an extra 1 million barrels per day to an already oversupplied global market.

Another OPEC Giant Is Sending Crude Oil Prices Lower | The Motley Fool

The United Arab Emirates (UAE), currently OPEC’s third-largest producer, breached its OPEC+ oil production quota by a massive 520,000 barrels per day (bpd) in August,The United Arab Emirates (UAE), currently OPEC’s third-largest producer, breached its OPEC+ oil production quota by a massive 520,000 barrels per day (bpd) in August,

OPEC’s New Headache Is Its Third-Biggest Producer | OilPrice.com

The 13-member bloc of oil-rich nations is turning 60 amid a pandemic that's jeopardizing its very existence. OPEC remains only a pale shadow of its past glory, weakened by infighting within its ranks, the rise of the U.S. as a major oil exporter thanks to a shale boom and a global push for renewable sources of energy amid climate change worries.

OPEC Turns 60: An Oil Cartel on Life Support - EcoWatch

NurPhoto/Getty Hedge funds have cut their bullish bets on crude oil in the week to September 8 at the fastest pace since mid-March.Investors s... NurPhoto/Getty Hedge funds have cut their bullish bets on crude oil in the week to September 8 at the fastest pace since mid-March.Investors s...

Hedge funds axe their bullish bets on crude oil at the fastest pace in 6 months, and OPEC sees demand taking even longer to recover | Markets Insider

Rumors of an oil deal in Libya could add an additional 1.2 million bpd of crude exports to the already oversupplied international oil marketRumors of an oil deal in Libya could add an additional 1.2 million bpd of crude exports to the already oversupplied international oil market

Libya’s Oil Deal Could Be A Serious Bearish Catalyst For Crude Markets | OilPrice.com

OPEC revised down by another 400,000 bpd its forecast for global oil demand this year, expecting consumption to shrink by 9.5 million bpd over 2019OPEC revised down by another 400,000 bpd its forecast for global oil demand this year, expecting consumption to shrink by 9.5 million bpd over 2019

OPEC Cuts Oil Demand Forecast For 2020, Again | OilPrice.com

Developing countries' difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly i...Developing countries' difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly i...

OPEC cuts oil demand forecasts, BP sees 'peak oil' in 2020s | Inquirer Business

Oil prices rose, clawing back some of their losses from recent weeks, with hurricane season limiting supply from the Gulf of Mexico.Oil prices rose, clawing back some of their losses from recent weeks, with hurricane season limiting supply from the Gulf of Mexico.

Oil Prices Rise as Hurricane Season Disrupts U.S. Supply - WSJ

Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic's ongoing assault on the global economy.. Read more at straitstimes.com.Companies & Markets News -Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic's ongoing assault on the global economy..

Oil industry sees bleak future for fuel demand, Companies & Markets News & Top Stories - The Straits Times

The International Energy Agency expects demand growth for 2021 at 5.5m bpdThe International Energy Agency expects demand growth for 2021 at 5.5m bpd

Oil markets to remain fragile for the rest of 2020, IEA says - The National

#OOTT | OPEC Sees 2020 World Oil Demand Falling By 9.46Mln BPD (prev 9.06Mln BPD Drop) - Sees 2021 Oil Demand Rising By 6.62Mln BPD (prev 7.0Mln BPD Rise) #OOTT | OPEC: August Oil Output Rose By 760,000 BPD To 24.05Mln BPD As OPEC+ Eased Supply Cut OPEC cuts 2020 oil demand forecast, trims 2021 outlook on pandemic fallout OPEC has cut its forecast for oil demand growth this year, citing a#OOTT | OPEC Sees 2020 World Oil Demand Falling By 9.46Mln BPD (prev 9.06Mln BPD Drop) - Sees 2021 Oil Demand Rising By 6.62Mln BPD (prev 7.0Mln BPD Rise) #OOTT | OPEC: August Oil Output Rose By 760,000 BPD To 24.05Mln BPD As OPEC+ Eased Supply Cut OPEC cuts 2020 oil demand forecast, trims 2021 outlook on pandemic fallout OPEC has cut its forecast for oil demand growth this year, citing a

OPEC Sees 2020 World Oil Demand Falling By 9.46Mln BPD (prev 9.06Mln BPD Drop) | Forex Factory

Continuing rise in cases presents 'the most likely shock that the oil market needs to be considering in the next 12 to 24 months'

'The path ahead is treacherous': Oil industry paints grimmer picture of pandemic's harm to demand | Financial Post

'The path ahead is treacherous': Oil industry paints grimmer picture of pandemic's harm to demand | Financial Post

New Delhi, Sep 14 India's crude oil import bill fell to a third in the first four months of the current fiscal after international oil rates ..New Delhi, Sep 14 India's crude oil import bill fell to a third in the first four months of the current fiscal after international oil rates ..

India's oil import bill declines by two-third on fall in international prices: Dharmendra Pradhan

Crude oil prices stay stable, but remain under $40/barrel CommoditiesCrude oil prices are expected to recover slowly once economic activities rebound globally.

Crude oil prices stay stable, but remain under $40/barrel | Nairametrics

OPEC said there will be a decline in demand in its monthly report for September, released on Monday.OPEC said there will be a decline in demand in its monthly report for September, released on Monday.

Oil prices appreciate as OPEC predicts decline in 2020 demand

Is OPEC’s power over the oil market broken? | BusinessWorld

OPEC has forecasted that the global oil demand will fall deeper in 2020 than was previously predicted due to the coronavirus pandemicThe world’s bloated oil inventories will subside more slowly than previously thought.

OPEC predicts a deeper drop in global oil demand, based on serious coronavirus challenges | Nairametrics

The world’s demand for oil this year will be lower than previously thought, according to a new projection from the Organization of Petroleum Exporting Countries (OPEC). The world’s demand for oil this year will be lower than previously thought, according to a new projection from the Organization of Petroleum Exporting Countries (OPEC). 

2020 oil demand will be lower than previously projected: OPEC | TheHill

The world’s demand for oil this year will be lower than previously thought, according to a new projection from the Organization of Petroleum Exporting Countries (OPEC). The world’s demand for oil this year will be lower than previously thought, according to a new projection from the Organization of Petroleum Exporting Countries (OPEC). 

2020 oil demand will be lower than previously projected: OPEC | TheHill

Oil demand quickly recovered part of the lost ground from April when much of the world was in lockdown to slow the spread of the virus.Oil demand quickly recovered part of the lost ground from April when much of the world was in lockdown to slow the spread of the virus.

Oil demand set for slow recovery from virus: IEA | eNCA

Crude oil prices began the week on a bullish note after a tropical storm in the Gulf of Mexico compelled U.S producers to shut downTropical Storm Sally picked up its strength in the Gulf of Mexico, west of Florida yesterday.

Crude oil prices record gains after tropical storm hit Gulf of Mexico | Nairametrics

•OPEC cuts forecast for demand in 2020, 2021 ’Femi Asu The international oil benchmark, Brent crude, fell below the $40 per barrel mark on Monday...•OPEC cuts forecast for demand in 2020, 2021 ’Femi Asu The international oil benchmark, Brent crude, fell below the $40 per barrel mark on Monday, amid demand worries, as the Organisation of the ...

Oil falls to $39, Nigeria’s output rises – Punch Newspapers

•OPEC cuts forecast for demand in 2020, 2021 ’Femi Asu The international oil benchmark, Brent crude, fell below the $40 per barrel mark on Monday...•OPEC cuts forecast for demand in 2020, 2021 ’Femi Asu The international oil benchmark, Brent crude, fell below the $40 per barrel mark on Monday, amid demand worries, as the Organisation of the ...

Oil falls to $39, Nigeria’s output rises – Punch Newspapers