Brent crude futures rose 17 cents – or 0.2 percent – to $87.62, while US West Texas Intermediate (WTI) crude futures for January rising 7 cents – or 0.1 percent to $80.11 a barrel in early trading hours on Tuesday
world oil markets
Latest in world oil markets
ADIPEC
OPEC predicts world economy to more than double by 2045
The global primary energy demand is also forecast to continue growing in the medium- and long-term, increasing by a significant 23 percent in the period to 2045, according to the 2022 edition of the World Oil Outlook by the oil producers body
fossil fuels
Global oil demand won’t hit pre-virus level until 2023, IEA says
Fuel consumption will average just over 101 million barrels a day in 2023
Abu Dhabi
OPEC+ oil cuts helped US shale, says Saudi energy minister Al-Falih
Shale explorers need almost $54 a barrel for their oil to eke out a profit because of rising costs for equipment, crews and raw materials needed to extract crude
Global oil demand
OPEC trims forecast for global oil demand for 2018, 2019
Oil cartel says demand is expected to increase 1.5 million barrels per day this year, down 40,000 daily from its previous estimate
crude oil future price
Oil advances as Trump and Saudi king discuss market stability
President Donald Trump and King Salman bin Abdulaziz of Saudi Arabia spoke on the phone Saturday and discussed efforts to maintain supplies to ensure stability of the market and growth of the global economy
non-OPEC
Saudi Arabia open to another OPEC cuts extension, says Falid
OPEC and other producers including Russia pledged to reduce output by about 1.8 million barrels to trim global oil inventories