Tag Archives: Oil Market

Oil demand growth will be ``significantly higher`` helped by a comparatively low base in the second half of 2018.

Russia highly appreciated the existing dialogue between Moscow and Riyadh and was committed to continuing to develop bilateral cooperation.

The demand for OPEC crude will average 29.40 million barrels per day next year.

The oil market has become highly sensitive to the US-China trade war.

The global oil market is balanced. while some uncertainties remain.

OPEC+ is expected to reaffirm its commitment to rebalancing the market at its September 12 meeting.

Russia continues its coordination with the Organization of the Petroleum Exporting Countries (OPEC) on the global oil market.

There was currently a supply glut in the global oil market which was caused by the US shale boom.

The Saudis have vowed to keep production well below 10 million bpd.

China had seen a rapid pace of growth in imports of US crude.