Russian deputy PM says global oil market will be balanced from second half of 2024

July 15, 2024 admin

Russia’s Deputy Prime Minister Alexander Novak. File | Photo Credit: Reuters Russian Deputy Prime Minister Alexander Novak said on Monday the global oil market will be balanced in the second half of the year and thereafter, thanks to the OPEC+ deal on production supply. OPEC+, which groups the Organization of the Petroleum Exporting countries and…

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Demand For Oil, Gas And Coal Will Peak This Decade, Warns Energy Agency

September 12, 2023 admin

Paris: World demand for oil, gas and coal is forecast for the first time to peak this decade, the head of the International Energy Agency wrote in the Financial Times on Tuesday. The IEA’s annual World Energy Outlook, due out next month, will show that “the world is on the cusp of a historic turning…

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