Calgary-based South Bow says demand strong for oil shipments to U.S. Gulf Coast
Calgary-based pipeline company South Bow says the recent turmoil in the middle east has customers clamouring for more oil from its pipeline network.
#Economy #Environment #Money #Politics
https://globalnews.ca/news/11841312/south-bow-pipeline-oil-demand-strong/

Drive less and work from home as Iran energy shock bites, EU official urges
The EU is asking its member states to implement the International Energy Agency’s 10-point plan to reduce global demand for oil, Dan Jørgensen, the EU’s energy commissioner said.
#Consumer #Economy #World #Europeanunion
https://globalnews.ca/news/11756989/iran-war-energy-shock-work-from-home-drive-less/

Can Canada meet demand for oil as Iran war rages on?
As the war in Iran disrupts oil and gas exports from the Gulf region, the Canadian energy sector could see a jump in demand — and federal officials are positioning Canada as a beacon of stability during an unpredictable moment.
https://www.cbc.ca/news/business/canada-fill-gap-supply-oil-energy-iran-9.7114328?cmp=rss

OPEC just hiked output—but oil prices fell. Why? Demand’s slipping. EVs are crushing growth, China’s imports are flat, and the old oil playbook isn’t working. This isn’t strength—it’s defense. The S-curve is real. You can’t outpump a disruption. Charge, baby, charge!⚡📉 #EVs #OilDemand #Scurve

Oil pares loss as tight market...

ICYMI: Report: Nigeria's Crude Oil Faces Declining Demand as Unsold Cargoes Accumulate https://www.rainsmediaradio.com/2025/03/report-nigerias-crude-oil-faces.html?utm_source=dlvr.it&utm_medium=mastodon Follow, Like & Share #Nigeria #CrudeOil #OilDemand #EnergyTransition #EconomicDiversification

The IEA has lowered its oil demand growth forecast for the third consecutive month due to a significant drop in Chinese consumption. The revised estimate predicts an increase of 862,000 bpd this year, down from 903,000 bpd. For 2025, the forecast sees demand rising to 103.8M bpd, with China expected to contribute only 20% to global gains, a stark decline from nearly 70% last year. OPEC’s forecast remains more optimistic, predicting a growth of 1.93M bpd this year.#OilDemand #IEA #OilMarket