Tag: Oil demand

OPEC cuts India’s 2026 oil demand growth forecast to 40,000 barrels per day

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OPEC cuts India’s 2026 oil demand growth forecast to 40,000 barrels per day

OPEC trims oil demand growth forecast for 2026 | Photo Credit: Reuters The Organisation of the Petroleum Exporting Countries (OPEC) has lowered its forecast for India’s oil demand growth in 2026 to 40,000 barrels per day (b/d), from 60,000 b/d projected in its September report. On a year-on-year (YoY) basis, India’s oil demand is expected…

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Business

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

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

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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World

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

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

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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World