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2 mins read
IEA slashes oil demand outlook amid the end of the post-pandemic rebound and expanding EV adoption
The latest bout of Middle East turmoil has ratcheted up fears that oil could soon hit $100 a barrel.
Yuheng Zhan
1 min read
Oil markets will shift away from China as India will drive demand growth in the next 20 years, Bernstein says
"India is expected to be the most important single region driving demand growth over the next 20 ye…
Filip De Mott
1 min read
India will be the largest source of oil-demand growth for the next 7 years, IEA says
The nation's oil demand is expected to increase by 1.2 million barrels a day by 2030, roughly a thi…
Aruni Soni
1 min read
The rate of oil demand growth has peaked 'for good,' Bank of America says
Analysts say global oil demand should slow down over the next six years after its breakneck recover…
Phil Rosen
1 min read
The world is 'far off' from peak oil amid strong demand, OPEC chief says
Robust demand from countries like India, which is showing "phenomenal economic growth," mean peak o…
Aruni Soni
2 mins read
Oil prices are crashing. Blame uncertain demand and booming US production.
US crude prices plunged below $70 a barrel on Wednesday, while brent dropped to $74 as the global d…
Phil Rosen
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
1 min read
Russian oil exports have fallen for 5 straight weeks and are down 13% since mid-June, as Asian customers trim purchases
A rolling four-week average shows that shipments are now down by 480,000 barrels a day since mid-Ju…
Jennifer Sor
2 mins read
It's the beginning of the end for global oil demand, IEA chief says
New projections suggest the age of relentless growth for energy demand is about to let up, the Inte…
Phil Rosen
3 mins read
A Citi strategist explains why oil prices are going to tumble by the end of the year, even if economies avoid a recession
Other Wall Street analysts think oil prices are heading back higher. Citi reckons they'll fall shar…
Harry Robertson
2 mins read
Russia saw its oil revenue double in April despite Western sanctions
Strong global demand and supply fears driven by geopolitical risks have helped bolster Russia's ene…
Yuheng Zhan
1 min read
Demand for oil in China is on pace to slide 20% this month, the biggest shock since the early days of COVID
Demand for gasoline and jet fuel is falling as China orders massive lockdowns as part of its zero-t…
Carla Mozée
1 min read
The drop in oil prices is just a 'ploy' as speculators pretend demand is weak, Saudi Arabia energy minister says
"It's an abuse of numbers," Saudi Arabia's energy minister said, as oil market participants are mis…
Jennifer Sor
3 mins read
A millennial who switched from working on oil rigs to wind turbines says he's been promoted faster in renewable energy
Shaun Mitchell advanced from a wind technician to a supervisor within a few years after leaving the…
Catherine Boudreau
1 min read
China's economic rebound will push global oil demand to an all-time in 2023, IEA says
"Two wild cards dominate the 2023 oil market outlook: Russia and China," according to the Internati…
Phil Rosen
1 min read
Oil prices rise as the outlook for China's demand brightens and after Turkey's earthquake ignites supply concerns
Oil prices rose as investors grew hopeful about a recovery in China's demand and after the earthqua…
Zinya Salfiti
1 min read
Demand for Russian crude oil picking up in India, China and Turkey: Report
Vessel tracking data suggest that the demand for Russian crude oil seems to be picking up, especial…
3 mins read
Reliance Jio emerges as World's largest mobile operator in data traffic, surpassing China mobile
As of March 2024, Jio boasts a massive subscriber base of 481.8 million, out of which 108 million s…
ANI
9 mins read
China stopped taking our plastic. Now America is drowning in it.
America generates 40 million tons of plastic waste a year — and it can't be recycled.
Taylor Dorrell
3 mins read
Crude oil market at the crossroads — S&P Global Commodity insights unveils in-depth 2024 energy outlook
According to S&P Global, against the backdrop of a turbulent global stage, characterized by economi…