IEA reports slow Q1 global oil demand growth, cites weaker OECD deliveries
The International Energy Agency’s (IEA) recent oil report shows a slower global oil demand growth of 1.6 million barrels per day (mbbl/d) in the first quarter (Q1) of 2024.
15 April 2024
15 April 2024
The International Energy Agency’s (IEA) recent oil report shows a slower global oil demand growth of 1.6 million barrels per day (mbbl/d) in the first quarter (Q1) of 2024.
The scope of the contracts includes construction and installation of the floating production storage and offloading (FPSO) vessel, Jaguar, for the project in the Stabroek block.
The project’s progression is essential for the Republic of Congo to realise its ambition of doubling oil production to 500,000 barrels per day (bpd).
The US companies want to build the facility in Texas.
One significant increase in capacity is that from India's Mundra Petrochem Mundra plant, set to come online in 2027.
Representing a $12.7bn investment, the project will comprise up to ten drill centres and 48 production and injection wells.
The order for the company to stop transporting oil across Native American land could violate the terms of a 1977 treaty between the US and Canada.
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GlobalData's latest report offers an in-depth information on all active and upcoming (planned and announced) ammonia projects by region and country, while also providing global and regional capital expenditure outlook forecasts up to 2028. Per our estimates, the ammonia industry capacity was 240.38 million tonnes per annum in 2023 and it is expected to increase at an AAGR of more than 5% during 2023-2028.
GlobalData's latest report offers an in-depth information on all active and upcoming (planned and announced) ammonia projects by region and country, while also providing global and regional capital expenditure outlook forecasts up to 2028. Per our estimates, the ammonia industry capacity was 240.38 million tonnes per annum in 2023 and it is expected to increase at an AAGR of more than 5% during 2023-2028.
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