Published 2 years ago

Oil steadies as IEA hikes 2022 demand growth forecast

Summary by Ground News

Brent crude futures gained $1.04, or 1.1%, to $98.44 a barrel by 0949 GMT. U.S. West Texas Intermediate crude futures rose $ 1.03, or1.1, to $92.96 a barrel. International Energy Agency raised its oil demand growth forecast for this year.

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Times of India

OPEC, in contrast to IEA, sees lower 2022 oil demand growth

OPEC in a monthly report said it expects 2022 oil demand to rise by 3.1 million barrels per day (bpd), or 3.2%, down 260,000 bpd from the previous forecast. The IEA raised its forecast by 380,000 bpd to 2.1 million bpd.

2 years ago·India

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Reuters

Oil settles up as IEA hikes 2022 demand growth forecast

Oil prices settled up more than $2 on Thursday after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas prices have some consumers switching to oil.

2 years ago·United Kingdom

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The Star Kuala Lumpur

Oil prices climb as IEA raises demand growth forecast

NEW YORK, Aug. 11 (Xinhua) -- Oil prices advanced on Thursday after the International Energy Agency (IEA) raised its forecast for global oil demand growth. Read full story

2 years ago·Malaysia

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CNBC

Oil rises as IEA hikes 2022 demand growth forecast

Oil prices fell in early Asian trade on Thursday as traders anticipated more supply of crude entering the market coupled with weaker demand.

2 years ago·United States

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Channel News Asia

Oil falls on demand concerns, greater supply

SINGAPORE : Oil prices fell in early Asian trade on Thursday as traders anticipated more supply of crude entering the market coupled with weaker demand.Brent crude futures fell by 53 cents, or 0.5 per cent, to $96.87 a barrel by 0005 GMT, while U.S. West Texas Intermediate crude futures fell 61 cents, or

2 years ago·Singapore

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RTÉ

Oil steadies as IEA hikes 2022 demand growth forecast

Oil prices steadied today after the International Energy Agency raised its oil demand growth forecast for this year as soaring gas prices drive some consumers to switch to oil.

2 years ago·Ireland

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