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Oil prices pare gains on U.S. inflation concerns

Oil prices fell in early Asian trading on Monday, reversing gains from Friday as U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon and boosted the dollar, which hurts oil demand. Brent crude futures fell 75 cents, or 0.84%, to $88.75 a barrel while West Texas Intermediate (WTI) futures were down 65 cents, or 0.78%, to $83.20 a barrel by 1221 GMT. "The sticky U.S. inflation sparks concerns for 'higher-for-longer' interest rates", leading to a stronger U.S. dollar and putting pressure on commodity prices, independent market analyst Tina Teng said.

Russia , Beijing , China , Slavyansk , Primorskiy-kray , Texas , United-states , Colleen-howe , Sonali-paul , Tina-teng , Reuters , West-texas-intermediate

Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June

Despite some crude inventory builds in the middle of April, commodity experts at Standard Chartered expect markets to significantly tighten in May and June

China , Taiwan , Ukraine , Iran , Israel , Russia , Russian , Chinese , Iranian , Us-sanctions-on-iranian-oil , Oval-office

India to see healthy oil demand growth driven by diesel in 2024: OPEC

In first half of the year, OPEC expects India’s oil demand to increase by an average of around 250 thousand bpd year-on-year, supported by robust economic activity

China , India , Organisation-of-petroleum-exporting-countries , Petroleum-exporting-countries , Middle-east , Opec , Il-demand , Ndia-oil-demand-growth , Iesel-demand ,

Global oil demand to grow by 108 MMbpd by 2030 despite "peak oil" outlook, Enverus reports

Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released a new report highlighting the organization’s view that it does not expect global oil demand to peak or plateau by the end of the decade.

Al-salazar , Enverus-intelligence-research , Peak-oil , Il-demand , Nverus ,

Indian Fuel Demand: India's fuel demand hits new FY record, up about 5%, ET Auto

Indian Fuel Demand: Total consumption, a proxy for oil demand, totalled 21.09 million metric tons (4.99 million barrels per day) in March, down from 21.22 million tons (5.02 mbpd) last year, preliminary data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Saturday.

India , Petroleum-planning , Analysis-cell , Indian-fuel-demand , Ndian-fuel-sales , Ndian-fuel-consumption , Il-demand , Ales-of-bitumen , Etroleum-planning-and-analysis-cell ,

5 Takeaways from the Oilprice Interview With OPEC Sec. Gen. al-Ghais

In an exclusive interview with Oilprice.com, OPEC’s Secretary General HE. Haitham al-Ghais reaffirmed his organization’s position on long-term oil demand and explained the OPEC stance on carbon reduction

Paris , France-general- , France , China , India , Saudi-arabia , Houston , Texas , United-states , Saudi , Haitham-al-ghais , Fatih-birol

Sinopec's 2024 Profits Declined 13% After Oil Prices Fell

China’s largest oil refining company China Petroleum & Chemical Corp. aka Sinopec, recorded a 13% decline in its 2024 profits due to lower oil and gas prices

Beijing , China , Chinese , Sinopec , China-petroleum-chemical-corp , China-petroleum , Il , Il-demand , Asoline , Arnings , Efining

Aramco chief sees healthy Chinese demand, looking at more investments

DUBAI (Reuters) -Saudi Aramco Chief Executive Amin Nasser said on Sunday the oil giant was looking at further opportunities to invest in China, where he said oil demand was robust and growing. State-owned Aramco has been ramping up its China presence in a string of deals in refining and petrochemicals, some of them with crude offtake agreements attached. "So far we are in the early part of 2024, demand is healthy and growing in China," Nasser said on a media call following the release of results that showed net profit falling 24.7% to $121.3 billion on lower oil prices.

Dubai , Dubayy , United-arab-emirates , Saudi-arabia , China , Texas , United-states , Australia , France , French , Chinese , Saudi

Oil market 'comfortable' at current prices, says Vitol CEO, Auto News, ET Auto

Oil Market: Speaking at the Energy Institute conference, Hardy also said global oil demand is expected to peak in the early 2030s.

Ukraine , Russia , Russel-hardy , Vitol , Organisation-for-economic , Energy-institute , Middle-east , Economic-co-operation , Oil-market , Lobal-crude-oil , Rude-oil , Il-demand

Standard Chartered Sees Oversupplied Gas Markets, Tightening Oil

Whereas physical traders appear increasingly convinced of the underlying strength of the oil markets, financial traders are not yet buying the bullish thesis due to a variety of potential headwinds.

Netherlands , Ukraine , Russia , Dutch , Standard-chartered-research , Standard-chartered , Federal-reserve , Dutch-title-transfer-facility , Undamentals , Il , Il-demand