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Dec 8, 2022 · Dec 8 (Reuters) - Crude oil futures spent much of 2022 surging, as demand for transportation fuels to travel returned while Russia's invasion of Ukraine and production cuts from the world's...
- Oil ends year of wild price swings with 2nd straight annual ...
The world's top oil importer and second-biggest consumer in...
- Oil dips 1.5% ahead of OPEC+ meeting, EU Russian oil ban
HOUSTON, Dec 2 (Reuters) - Oil futures slipped 1.5% in...
- Oil ends year of wild price swings with 2nd straight annual ...
- World oil demand is set to contract by 110 kb/d y-o-y in 4Q22, reaching 100.8 mb/d, up by 130 kb/d compared with last month’s Report. Strong gasoil use in key consuming countries outweighs weak European and Asian petrochemical deliveries.
- World oil supply fell 190 kb/d in November to 101.7 mb/d, breaking a five-month uptrend, after Saudi Arabia and other Gulf countries curbed supply in line with lower OPEC+ output targets.
- Global refinery throughputs surged 2.2 mb/d in November to the highest since January 2020, resulting in sharply lower diesel and gasoline cracks and refinery margins.
- Russian oil exports increased by 270 kb/d to 8.1 mb/d, the highest since April as diesel exports rose by 300 kb/d to 1.1 mb/d. Crude oil loadings were largely unchanged m-o-m, even as shipments to the EU fell by 430 kb/d to 1.1 mb/d.
Dec 30, 2022 · The world's top oil importer and second-biggest consumer in 2022 posted its first drop in oil demand for years. While China's oil demand is expected to recover in 2023, a recent surge in...
- World oil demand growth is forecast to slow to 1.9 mb/d in 2Q22 from 4.4 mb/d in 1Q22 and is now projected to ease to 490 kb/d on average in the second half of the year on a more tempered economic expansion and higher prices.
- Russia shut in nearly 1 mb/d in April, driving down world oil supply by 710 kb/d to 98.1 mb/d. Over time, steadily rising volumes from Middle East OPEC+ and the US along with a slowdown in demand growth is expected to fend off an acute supply deficit amid a worsening Russian supply disruption.
- Global refinery margins have surged to extraordinarily high levels due to depleted product inventories and constrained refinery activity. Throughputs in April fell 1.4 mb/d to 78 mb/d, the lowest since May 2021, largely driven by China.
- Global observed oil inventories declined by a further 45 mb during March and are now a total 1.2 billion barrels lower since June 2020. In the OECD, the release of 24.7 mb of government stocks during March halted the precipitous decline in industry inventories.
Dec 28, 2021 · Our view is that Brent crude prices could remain strong through 2022. We see a low chance (<25%) of a spike down to <$60 per barrel and a very low chance (<10%) of a spike upwards towards...
Dec 2, 2022 · HOUSTON, Dec 2 (Reuters) - Oil futures slipped 1.5% in choppy trading on Friday ahead of a meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday and...
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Jan 3, 2022 · Commodity Oil. 0226 GMT: Crude oil futures rose in mid-morning trade in Asia Jan. 3 on easing COVID-19 concerns and as the ongoing optimism from the Santa Claus rally carried over into the new year amid thin trading volumes.
