Oil demand has been soft owing to modest global economic growth and the rapid spread of Chinese electric vehicles. Faced with a gloomy future, oil companies are slimming down https://t.co/c8SUkZmf2R ...

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Carole, in some ways, this was a much more muted response from OPEC Are we reaching the limits now of what it can do. Are we getting to a period of stability. I mean, it depends heavily on how you read it, because, yes, you can say it's a modest increase because some people were expecting a much higher unwinding of barrels of the voluntary cuts of the 1.65% million barrels a day, voluntary cuts, which were the second tranche of voluntary cuts introduced by eight members, especially after we saw how over the ...

Oil Market Dynamics - Oil demand seems to be vanishing, with uncertainty about its destination [1] - Oil prices are relatively low compared to historical levels, even when compared to gas prices [2] - Low oil prices could lead to a tightening of the oil market [2] - Oil constitutes about a third of the energy consumed [2] Pricing and Historical Context - Oil averaged $60 per barrel in 2009 [1] - Oil prices in 2009, adjusted for inflation, were relatively low [1] - Oil averaged $60 per barrel in 2006 [1] Potential Future Scenarios - Low oil prices could lead to a resurgence in oil usage for power generation, especially in a world craving electrons [2]

Global oil demand continues to expand at a rate that justifies the supply increases coming out of OPEC+, according to the CEO of Kuwait Petroleum https://t.co/nDOxx3tBbF ...

Summary of J.P. Morgan Oil Demand & Inventory Tracker Industry Overview - The report focuses on the global oil industry, specifically analyzing oil demand and inventory levels as of September 2025. Key Points Global Oil Demand - Global oil demand expanded by 520 thousand barrels per day (kbd) year-over-year (YoY) in September 2025, averaging 104.4 million barrels per day (mbd) [1][4][5] - Year-to-date through September 17, global oil demand growth is tracking a 0.8 million barrels per day (mbd) expansion, slightly below the estimate of 0.83 mbd [4][5] - Demand indicators outside the US show resilience, with a 7% YoY increase in container throughput in China during the first week of September, indicating healthy export demand [4][5] Inventory Levels - Global liquids inventories surged by 72 million barrels (mb) in September, with a total increase of 220 mb year-to-date [2][4] - OECD (including Singapore) stocks increased by 72 mb, while stocks in China grew by 84 mb [4][5] - A notable 14 mb increase in oil product inventories was observed last week, contributing to the overall rise in global liquid stocks [5] Regional Insights - In the US, container arrival volumes are expected to be 10% lower than last year, with early signs indicating a continuation of this decline into October [4] - Global cargo flight volumes have fallen to a 20-month low, impacting US jet fuel demand [4] - Three economies reported their oil consumption statistics, reflecting varied performance across regions [4][31] Other Important Observations - Crude oil stocks have seen a drawdown in recent weeks, but there is a net increase of 163 mb in crude oil inventories year-to-date, while oil product stocks have risen by 56 mb [5] - The report highlights the importance of monitoring global demand indicators and inventory levels to assess market conditions and potential investment opportunities [4][5] Conclusion - The analysis indicates a complex landscape for the oil industry, with strong demand growth in certain regions and significant inventory changes that could impact future pricing and supply dynamics [1][4][5]

咨询机构Energy Aspects报告称，中国炼油商对沙特阿拉伯的石油需求正在减少，这可能意味着随着更多俄罗斯原油供应的增加，全球石油供应将重新洗牌。鉴于乌拉尔原油与中东同类原油相比仍是“最具竞争力”的原油，中国的兴趣正在升温。🗒️沙特阿美对中国炼油厂的供应配额显示，9月份将向中国出口约4300万桶原油，即143万桶/日，低于8月的165万桶/日。 ...

Demand Forecast - OPEC expects global oil demand to increase by approximately 19% to nearly 123 million barrels per day by 2050 [1]

Oil Market Dynamics - The market had priced in a $15-20 per barrel premium due to Israel-Iran tensions, which is now being eliminated as the worst of the turmoil appears to be over [2] - Prior to the conflict, debates centered on tariffs potentially driving recession and leading to $50 oil price predictions [3] - Better-than-expected oil demand data and underperforming OPEC production quotas were observed [4] - Shale oil drilling had decreased, leading to questions about potential rollover [4] - Demand is hanging in at around 1 million barrels per day of growth [6] Factors Influencing Oil Prices - Transportation costs, particularly shipping, have surged due to Middle East risk premiums [5] - The potential for shale oil growth resumption if oil prices remain above $70 is a key variable [6] - Underlying oil fundamentals should be the primary focus, considering past disruptions' varied impacts [6][7] Geopolitical Considerations - The Israel-Iran conflict has not demonstrated Iran's strong military capabilities [8] - Most of Iran's oil sales go to China, making the closure of the Strait of Hormuz unlikely [8][9] - China's role is significant in preventing actions like closing the Strait of Hormuz [9]

Oil Market Dynamics - Chinese traders are considered the most influential oil traders, primarily due to their significant purchases of Iranian crude oil [1] - Approximately 80% of Iranian oil is re-flagged through Malaysia before being exported, mainly to China [1] - The White House has seemingly turned a blind eye to sanctions, allowing Iranian oil to continue flowing at high levels [2] - There are concerted efforts to avoid interrupting the oil supply, with no party, including Iran, wanting to halt the flow [2] - Concerns about Iran closing the Straits of Hormuz are less about physical barriers and more about the potential for missile attacks on tankers [3] Supply and Demand - Current oil demand is extraordinarily high at 103 million barrels per day, equivalent to approximately 1300 barrels per second [5] - Global oil production capacity stands at 108 million barrels per day, indicating a spare capacity of 5 million barrels per day [5] - Spare capacity is primarily located in the Gulf region [6] - Strong demand, particularly due to Middle Eastern heat, has supported oil prices, with an extra 400,000 barrels per day of demand [9] - A cold winter in key markets (Northeast Asia, Europe, and the US) added over 1 million barrels per day of extra demand in Q1 [9] Geopolitical Risks and Market Sentiment - The market perceives a low risk of interruption in the Straits of Hormuz, as major players like China, the US, Europe, and Saudi Arabia want the oil to keep flowing [6] - The likelihood of the Straits of Hormuz being shut by the end of June is considered extremely low [7] - The market is in a plentiful supply situation, potentially pushing commodity prices lower even after accounting for risk premiums [8] - Incremental geopolitical disasters are needed to significantly increase oil prices [10]