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Chinese high-octane appetite a hint of 2016 global oil demand

China’s thirst for high-octane gasoline is a bright spot for European refiners and offers a taste of global oil demand growth next year. While US gasoline demand traditionally eases after the peak summer driving season, Chinese buying of blending components ...

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UAE open to meet any oil demand from Japan

Mr Sultan bin Saeed Al-Mansouri, the Gulf Opec member’s economy minister, said that the United Arab Emirates is open to meeting any demand for oil from Japan. This comes on the heels of the minister saying last month that the ...

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Global oil demand Q3 2014

According to OPEC data, global demand in Q3 2014 increased by 1.4 million bpd, year on year, with 1.5 million bpd of increases from non-OECD countries and a drop of 0.1 million bpd in OECD countries. Weak economic growth, especially ...

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IEA sees world oil demand rising to 104 million b/d in 2040 from 90 million b/d in 2013

The International Energy Agency has delivered a new warning about future supply of oil and gas as turmoil continues in the Middle East and the conflict between Russia and Ukraine remains unresolved. In its latest annual World Energy Outlook to ...

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