iPath Pure Beta Crude Oil ETN

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Bharat Petroleum thinks India will start consuming less oil within five years.

Sorry Oil Companies, India Seen Hitting Peak Oil Use Soon

Per EIA, output from the Permian Basin is expected to rise by 23Mbbl/d month over month to 4,173 Mbbl/d in October.

Permian Oil Production Seen Higher for Second Straight Month

Some past predictions of peak oil demand and the industry's demise.

Peak Oil Demand! Again?

Global oil supply rose by 1.1 million barrels a day in August following the easing of OPEC+ production cuts.

IEA Again Cuts 2020 Crude Oil Demand Estimate

Rolling coverage of the latest economic and financial news, including new UK unemployment statistics

Biggest jump in UK redundancies since 2009; oil demand slashed again - business live

The IEA on Tuesday cut its forecast for 2020 oil demand growth, citing a "treacherous" path ahead amid weakening market sentiment.

IEA cuts 2020 oil demand forecast, sees 'treacherous' path ahead with rising coronavirus cases

The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic recovery from the pandemic.

IEA says oil demand recovery set to slow for rest of 2020

The next big shock to the oil industry could be yet another hit to demand, adding to the destruction already seen this year, analysts said at the S&P Global Platts' Platts Asia Pacific Petroleum Virtual Conference (APPEC) 2020.

Oil could see another demand shock, adding to the 'extraordinary' destruction this year

Oil prices inched lower on Tuesday as a bleaker outlook for global fuel demand prompted fresh selling, but short-covering ahead of a meeting later this week of OPEC and its allies, known as OPEC+, limited losses.

Oil inches lower as bleaker demand outlook weighs

Oil futures settled lower Monday, as concerns surrounding weaker demand tied to pandemic prevailed, but losses were modest as the approach of Hurricane Sally caused disruptions to oil and natural-gas production in the Gulf of Mexico.

Oil futures end slightly lower as pandemic-related demand woes prevail, but Hurricane Sally disrupts Gulf output

More than 21% of Gulf of Mexico oil production has been shut down as of Monday in preparation for Hurricane Sally.

More than 21% of Gulf of Mexico oil production down as Hurricane Sally approaches

After falling below $0 during the month of April, oil prices certainly want to forget the year 2020. While oil has come back from the depths of $0, one market expert says it could stay within the $40 range for the next two years.

Will Oil Prices Be Stuck Around $40 for Next Two Years?

After two weeks of back to back losses, oil prices continue to decline, a sign that the bears have a tight grip on the market. Dropping below the psychological $40 mark has traders on Wall Street wondering how deep the price decline could go as fears about a coming second wave of Covid-19 grow.

Demand Concerns Put Bears Firmly In Charge Of Oil Market

The pandemic continues to impact oil consumption.

OPEC Cuts Its 2020 and 2021 Oil Demand Forecast Due to COVID-19

Demand for oil may have peaked last year, according to BP, which says the global market for crude might never recover from the coronavirus pandemic.

The world may never consume more oil than it did in 2019, a new report from BP says

Since economies are reopening, most analysts opine that the weekly rig count will again start increasing.

Permian Basin Witnesses Removal of Two Oil Drilling Rigs

The Organization of the Petroleum Exporting Countries on Monday cut its outlook for world oil demand growth in 2020 and 2021, with the hit from the COVID-19 pandemic now expected to linger longer than previously expected.

OPEC further cuts world oil demand forecasts

World oil demand will fall more steeply in 2020 than previously forecast due to the coronavirus and recover more slowly than expected next year, OPEC said on Monday, potentially making it harder for the group and its allies to support the market.

OPEC sees steeper oil demand drop as virus remains challenging

OPEC has cut its forecast for oil demand growth this year, citing a weaker-than-expected recovery in India and other Asian countries.

OPEC cuts 2020 oil demand forecast, trims 2021 outlook on pandemic fallout

Oil-rich Gulf nations are relying on a well-worn playbook of spending less and borrowing more to get through the coronavirus crisis but with the outlook for oil clouded by uncertainty the strategy is riskier than before.

Gulf's fiscal diet risks deeper pain amid oil price uncertainty

Oil prices were mixed on Monday with U.S. crude rising as a tropical storm in the Gulf of Mexico forced rigs to shut down, but the gains were kept in check by wider concerns about excess supply and falling demand for fuels.

Oil mixed as storm threatens U.S. gulf production

Oil futures ended the week with a loss of more than 6% on Friday, with U.S. prices little changed for the session.

Oil futures lost more than 6% for the week

Oil futures lose more than 6% for the week

"What does this mean for a potential investor and how can their investment portfolio benefit the most when oil prices are low?"

Current Market Factors Impacting Economic Performance Of Oil And Gas Investments

After two months of calm, oil prices are heading lower again.

News for iPath Pure Beta Crude Oil ETN Stock (OIL)