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You Searched For "Demand destruction" and got 20 results


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Oil prices drop 6% as worries mount over demand destruction

Satellite imagery suggests that global oil inventories have surged by 30 million barrels in the fir…

Matthew Fox   


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2 mins read

Demand destruction will outweigh a wider Mideast conflict in oil markets, JPMorgan says

Israel's past conflicts have rarely resulted in major turmoil for oil markets, JPMorgan wrote.

Filip De Mott   


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2 mins read

I demand a do-over on the East Coast earthquake

I didn't feel the earthquake that hit New York. I was in the elevator on the way to my desk. Now I …

Katie Notopoulos   


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2 mins read

The Kremlin is demanding that Ukraine arrest its security chief and send him to Russia

Vasyl Malyuk said in July that his agency was responsible for a bridge explosion in Crimea, which R…

Matthew Loh   


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Inflation and bond yields are peaking as demand destruction starts to dominate, economist says

"I think we are reaching the point where demand destruction is going to dominate over supply uncert…

Brian Evans   


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A Nobel Prize-winning economist warned students against rushing into STEM to get AI jobs, saying they may sow their 'own seeds of self-destruction'

A Nobel Prize-winner and economics professor said workers in IT jobs that are advancing AI risk mak…

Sawdah Bhaimiya   


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2 mins read

Soaring fuel prices are already causing demand destruction, according to the world's biggest oil trader

There's evidence out there of "economic stress" being caused by the high prices, Vitol's Mike Mulle…

Zahra Tayeb   


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4 mins read

Israel is launching airstrikes against Hamas across Gaza, causing immense destruction, and asking for more US-made weapons to do it

New videos appear to show Israel employing deadly JDAMs and destructive Hellfire missiles on Hamas …

Chris Panella   


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Oil prices drop further as the global demand outlook turns murky

The latest dip follows a 6% drop on Wednesday, amid concerns about lower demand and slower economic…

Phil Rosen   


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2 mins read

Oil prices are nowhere near demand destruction levels, and 3 factors could keep pushing crude higher, says Morgan Stanley commodity chief

Oil prices are nowhere near levels that would cause demand destruction and have room to rally as en…

Jennifer Sor   


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Gas prices have soared so high that the US is now seeing demand destruction ahead of the summer driving season

The average gallon of gas in the US hit a record high of $4.59 on Tuesday, about 51% higher than a …

Phil Rosen   


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1 min read

OPEC says 'exaggerated concerns' about demand are hitting oil prices but still sees a slowdown in 2024

"The market dynamic was fuelled by exaggerated concerns about oil demand growth, which negatively i…

Filip De Mott   


Jennifer Sor   


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1 min read

Oil prices at $100 a barrel look too high for global demand to sustain

Gasoline deliveries have plunged to two-decade lows after OPEC pushed crude prices too high, the In…

Filip De Mott   


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2 mins read

Oil's resilience: Defying decline amidst electric vehicle surge, global demand hits record highs

According to a report by Morgan Stanley, the dichotomy between the rise in electric vehicle purchas…

ANI   


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Oil prices could hit $150 a barrel or more with demand destruction likely by the end of the year, says global commodities trader Trafigura

"If we see very high energy prices for a period of time we will eventually see demand destruction,"…

Brian Evans   


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2 mins read

After banning destructive satellite tests, US plans to use nuclear power systems in space

DIU has awarded contracts to two companies, Avalanche Energy to demonstrate next-gen nuclear pro…

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2 mins read

Crude in favourable zone for another excise hike on fuel

The current low oil prices have once again created ground for the government to further increase ex…

Kelsey Vlamis   


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COVID-19 caused huge demand destruction overseas: Bankers

"This was at a time when the Indian rupee had depreciated severely. In March 2020, export growth ha…

PTI