The global economy is heading into the fourth quarter on shaky ground.
August welcomed a late-summer boost in demand, particularly in the industrial and freight sectors, but also petrochemicals and jet fuel. OECD led the uptick as demand in this group of countries amounted to 47.3 million barrels per day, up over 300,000 b/d compared with July.
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Summer demand is brisk, but the current market is shaped by complex, shifting forces, not least of all mounting uncertainty from…
Preliminary data shows a 2.2 million b/d supply surplus for May. By now, that oil seems to be absorbed, as refiners bid up spot…
A more consistent narrative has emerged about the structural shifts in global consumption.
From June through October, the market is facing a manageable 500,000 b/d surplus. After that, rising output is expected to start…
The Natural Gas Supply Association said oil-driven activity will deliver associated gas into a market that needs it to meet…
OPEC cut its demand growth estimates for 2026 to about 1.2 million barrels per day.
