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A service for global professionals · Monday, September 20, 2021 · 551,819,902 Articles · 3+ Million Readers
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Indonesia OPEC Newswire

  • Published on Sep 9, 2021

    Oil consumption in world’s top economies surpass pre-pandemic levels

    Oil demand in China, the world’s top energy consumer, will be 13% higher in the fourth quarter than in the same period in 2019 before the pandemic, according to SIA Energy. Indian fuel sales extended a rebound in August, while American demand for petroleum …

    Source: Mint - Neutral
  • Published on Sep 1, 2021

    ADP Payrolls, OPEC+ Meeting, PMIs - What's Moving Markets

    By Geoffrey Smith  Investing.com -- ADP updates on private-sector hiring in the U.S. in August, the warm-up act for Friday's labor market report. OPEC and its allies meet to decide on output levels for the coming months. China's private sector …

    Source: Investing.com - Uncategorized
  • Published on Aug 10, 2021

    Indonesia’s Pertamina takes charge of Rokan oil, gas block

    After a two-year transition period, Indonesian state-owned energy giant Pertamina has officially taken over the Rokan oil and gas block from US-based supermajor Chevron in a historical nationalisation of one of the Southeast Asian country’s most lucrative …

    Source: The Phnom Penh Post - Pro-Government
  • Published on Aug 25, 2021

    Oil in floating storage rebounds to three-month highs

    The volume of crude oil and condensate in tankers worldwide is starting to once again rebound as sanctioned Iranian oil starts to mount up, while oil offshore China is also on the rise as its crude demand starts to slow. Despite a strongly backwardated …

    Source: Investing.com - Uncategorized
  • Published on Aug 24, 2021

    Oil Steadies After Surging Above $65 With Broader Market Rally

    (Bloomberg) -- Oil steadied on Tuesday after jumping more than 5% amid a global rebound in equities and commodities following the worst losing streak for crude since October 2019. Futures in New York traded near $65 a barrel after advancing on Monday for …

    Source: Investing.com - Uncategorized
  • Published on Aug 20, 2021

    The Oil Price Collapse Continues

    As uncertainty over new Covid outbreaks combined with a strengthening U.S. dollar, oil prices came under pressure this week and are on course to finish the week 7 percent down. Friday, August 20th, 2021 Oil prices continued their downward slide on Friday, …

    Source: Auto Manufacturers - Uncategorized
  • Published on Aug 13, 2021

    The Commodities Feed: Oil market looking better supplied in 2022

    Energy The latest releases from the IEA and OPEC did little to help market sentiment yesterday. The IEA reduced its oil demand forecasts for 2H21 by 550Mbbls/d on the back of the spread of the delta variant. In fact, the IEA estimates that oil demand …

    Source: Investing.com - Uncategorized
  • Published on Aug 12, 2021

    Oil Futures Settle Lower As IEA Forecasts Drop In Energy Demand

    Crude oil prices drifted lower on Thursday amid concerns about outlook for energy demand after a report from the International Energy Agency (IEA) said oil demand growth will likely slow down in the second half of the year. West Texas Intermediate Crude …

    Source: RTTNews - Neutral
  • Published on Aug 12, 2021

    Oil prices slip as IEA warns of slowdown in global demand recovery

    By Ron Bousso LONDON (Reuters) -Oil prices declined on Thursday after the International Energy Agency (IEA) said the spread of the Delta variant of the coronavirus would slow the recovery of global oil demand. Brent crude futures were down 15 cents, or 0. …

    Source: Business Standard - Neutral
  • Published on Aug 12, 2021

    Opec upbeat on oil demand surge as IEA dims...

    The IEA put the demand slump last month at 120,000 barrels per day (bpd) and predicted growth would be half a million bpd lower in the second half of the year compared to its estimate last month, noting some changes were due to revisions in data. The …

    Source: Khaleej Times - Uncategorized
  • Published on Aug 12, 2021

    IEA downgrades global oil demand amid resurgence of Covid-19

    The International Energy Agency (IEA) has trimmed its outlook for global oil demand in 2021, citing the rapidly spreading Delta variant of the coronavirus and its impact on the world's economy. In a report published on Thursday, the Paris-based …

    Source: Big News Network - Neutral
  • Published on Aug 12, 2021

    International energy watchdog predicts slump in oil demand in second half

    The resurgence in new Covid cases globally triggered by the spread of the Delta variant will hit oil demand in the coming months, according to the international energy watchdog. The International Energy Agency said the fresh wave of Covid infections in …

    Source: City A.M. - Uncategorized
  • Published on Aug 12, 2021

    Oil Sees Modest Gains As IEA Cuts Demand Outlook

    Oil prices were modestly higher on Thursday after the White House urged OPEC to boost oil production, saying recent planned increases will not fully offset previous production cuts imposed during the pandemic. "At a critical moment in the global …

    Source: RTTNews - Neutral
  • Published on Aug 12, 2021

    Oil prices slip as IEA warns of slowdown in demand recovery

    By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell on Thursday after the International Energy Agency (IEA) said the spread of the Delta variant of the coronavirus would slow the recovery of global oil demand. Brent crude futures fell 13 cents to settle …

    Source: Investing.com - Uncategorized
  • Published on Aug 12, 2021

    Corbella: Biden begging OPEC to increase oil production is ironic and stupid

    Breadcrumb Trail Links Local News Columnists Author of the article: Licia Corbella Oil pumpjacks operate in an oilfield in the Republic of Bashkortostan, Russia, on Nov. 19, 2020. Photo by Andrey Rudakov/Bloomberg Article content A whole new level of …

    Source: Calgary Herald - Neutral
  • Published on Aug 12, 2021

    Spread of COVID-19 Delta variant knocks oil demand outlook -IEA

    LONDON (Reuters) - Rising demand for oil abruptly reversed course in July and is set to proceed more slowly for the rest of the year due to the spread of the COVID-19 Delta variant, the International Energy Agency said on Thursday. "Growth for the …

    Source: Journal Pioneer - Uncategorized
  • Published on Aug 3, 2021

    Crude Oil Steadies as Investors Size Up Delta’s Threat to Demand

    (Bloomberg) -- Oil steadied above $71 a barrel as investors weighed the risk to consumption posed by the spread of the delta coronavirus variant. West Texas Intermediate was 0.3% higher in Asian trading after slumping 3.6% Monday, the biggest loss in two …

    Source: Investing.com - Uncategorized
  • Published on Aug 1, 2021

    Eni raises oil price outlook as market recovery powers strong Q2 earnings

    Italy’s Eni raised its near-term oil price outlook July 30 as the market rebound fueled strong second quarter earnings despite lower production volumes and negative refining margins. Eni said it is now assuming a near-term Brent price of $65/b, up from …

    Source: Investing.com - Uncategorized
  • Published on Jul 27, 2021

    Oil Steady as Virus Casts Demand Shadow

    (Bloomberg) -- Oil steadied as investors assessed the outlook for global demand amid a resurgence in Covid-19 that’s leading to tighter restrictions. Futures fluctuated near $72 a barrel in New York. The rebound in key energy consumers such as the U.S. and …

    Source: Rigzone - Neutral
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