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 ...

With this low prices. There's a lot of oil demand that seems to be vanishing. I mean, there have been they are literally and we don't really know where it's going.Right. And but oil is cheap. And you remember oil averaged $60 a barrel in 2009.We are in 2025. Okay. And again, it was the nominal average.If you you know, if you adjust for inflation. Oil actually pretty cheap is way too pretty was in 2009. So even even I think we averaged 60 I think was in 2006 060.So we have relatively low oil prices compared ...

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 ...

Global oil demand through September 17 expands by 520 kbd YoY Global liquids inventories surge 72 mb so far in September • For the week ending September 12, visible OECD commercial oil inventories and Singapore stocks remained unchanged. A 10 mb decline in crude oil inventories was offset by an equivalent increase in oil product stocks (Figure 3). In the first half of this month, these regions added a total of 20 mb to their overall stockpiles, with crude stocks decreasing by 9 mb and oil product inventorie ...

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]

I think the best traders of oil are the Chinese. And so they're the real, you know, the power underneath this all is that is their buying of Iranian crude. They put the bid on oil. They put the bid on Iranian oil so that they're the main buyer by far.You know, 80% of Iranian oil is a lot of it actually goes to Malaysia and then is re flagged. So you see that Malaysia exports more oil to China than it produces oil. So it's obviously smuggled.And basically the other manipulation is the White House turning the ...

The latest forecasts from the IEA this morning. What are they saying, particularly about China, the demand from the world's second largest economy. Yeah, they're bringing forward their estimate for when they think Chinese crude oil demand is going to peak.So they're saying oil demand peaking in China in about 2027. So that's earlier. And then in general, 2030, global crude oil demand peaking.And this has been a discussion in the oil market going back and forth because you'll have countries like those in OPE ...