IEA sees slowing oil demand for 2024 as China’s consumption drops
The current slowdown in global demand for oil looks set to continue as China’s “post-pandemic rebound” seems to have run…
IEA
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Strong oil and petrochemical demand likely to 2030, despite IEA data
Growing global demand for energy and petrochemicals, coupled with ongoing energy security concerns, could prompt rising demand for oil into…
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Russia exceeds OPEC+ May output target, vows to get back in line
Russia has promised to meet its OPEC+ oil production targets in June after pumping too much oil in May and…
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Global oil markets likely to face large supply deficits soon, says report
A global oil market supply deficit is likely to appear as 2024 progresses, and continue into 2025, despite possible production…
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As vaccination continues, how fast can oil demand return?
The global vaccine rollout brings with it promises of looser travel restrictions and a more mobile world. This in turn…
