Thursday, October 3, 2024
OPEC keeps forecast for 2022 oil demand to exceed pre-pandemic levels, sees risks- oil and gas 360

OPEC keeps forecast for 2022 oil demand to exceed pre-pandemic levels, sees risks

Reuters OPEC is stuck with its forecast that world oil demand will exceed pre-pandemic levels in 2022, although the producer group said Russia’s invasion of Ukraine and developments around the coronavirus pandemic pose considerable risks. In a monthly report released on Tuesday, the Organization of the Petroleum Exporting Countries (OPEC) maintained its forecast that world oil demand will grow by

U.S. oil majors’ stock prices return to pre-pandemic levels- oil and gas 360

U.S. oil majors’ stock prices return to pre-pandemic levels

World Oil HOUSTON (Bloomberg) –A rally in oil prices lifted U.S. energy stocks to the highest since the pandemic emerged more than two years ago. The S&P 500 Energy Index rose 2.3% Thursday to the highest close since Jan. 7, 2020, when the virus was still thought to be contained to central China. Exxon Mobil Corp. and Chevron Corp. reached

Rocky road back to pre-COVID-19 demand levels for gasoline, diesel: executives- oil and gas 360

Rocky road back to pre-COVID-19 demand levels for gasoline, diesel: executives

Reuters SINGAPORE – Global gasoline and diesel demand is expected to return to pre-pandemic levels by the end of next year, although a resurgence in COVID-19 cases would keep consumption fluctuating, several senior industry executives said on Monday. The path towards recovery is likely to be rocky, and the energy industry should be ready to meet demand shocks with adjusted

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