Showing results for "homaidan al-turki"

Oil demand continues to healthily outpace supply

  • Crude oil prices averaged about 1 percent higher on a week-over-week basis, as investors remained focused on the strength of the global oil supply and demand fundamentals ahead of winter. Prices rose the most amid signs of a fast-tightening US oil market, specifically at Cushing, and a large ...

Understanding the oil market dynamics amid energy crunch

  • The ongoing natural gas crisis in Europe and Asia is helping oil prices stay firm. Crude oil futures prices soared, touching new highs as the oil market remained supported by concerns over a growing power crisis in key European and Asian countries, including China and India, which will boost de...

Return to pre-pandemic oil demand not likely until 2023

  • Global oil balances look tighter due to supply outages and stronger demand, pulled up in part by substitution for increasingly higher natural gas. However, fundamentals suggest a slowing and leveling off in inventories, ending the steep stock draw since mid-year and implying less support for ...

Energy crunch adds to crude demand

  • Crude oil markets continue to hold with fundamentals and remain well supported as they await the OPEC+ ministerial meeting that will begin on Oct. 4. Global oil markets are likely to remain tight enough over the next few months to hold Brent crude oil prices above $70 a barrel, despite the gr...

Supply, demand dynamics point to well-supported oil market

  • Despite a volatile week, crude oil prices remained supported by a number of developments in both supply and demand. Slow recovery of oil production in the US Gulf Coast, field maintenance in the Caspian, and delayed output increases from other producers are all contributing to ...