Search For "oil demand"
OPEC lowers global economic, oil demand forecasts
Updated : 3 years, 10 months ago IST
Vienna [Austria], May 12 (ANI/Xinhua): The Organization of the Petroleum Exporting Countries (OPEC) on Thursday revised its forecasts for this year's global economic growth and oil demand, citing COVID-19-induced restrictions and geopolitical tensions.
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World oil demand in 2022 will grow by 4 million bpd: Russian Deputy PM
Updated : 4 years, 2 months ago IST
Moscow [Russia], December 29 (ANI/Sputnik): World oil consumption is expected to grow by 4.5-5 million barrels per day (bpd) in 2021, and in 2022 it will increase by another 4 million bpd, Russian Deputy Prime Minister Alexander Novak said.
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World oil demand growth revised by some 0.16 mn bpd: OPEC
Updated : 4 years, 4 months ago IST
Vienna [Austria], November 11 (ANI/Sputnik): OPEC on Thursday revised the world oil demand growth forecast and lowered it by some 0.16 million barrels per compared to October's assessment and it now stands at 5.7 million barrels per day.
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OPEC+ committee advises alliance not to accelerate oil production increase
Updated : 4 years, 4 months ago IST
Vienna [Austria], November 4 (ANI/Sputnik): The OPEC+ committee recommended the alliance not to accelerate the increase in oil production, and to boost it in December by 4,00,000 barrels per day, a source in one of the delegations told Sputnik.
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OPEC predicts this year's global oil demand will make up 65% of loss in 20
Updated : 4 years, 5 months ago IST
Washington [US], October 15 (ANI/Sputnik): Global oil demand is expected to make a significant recovery, reaching 96.7 million barrels per day (mb/d) and recovering 65% of demand lost in 2020, OPEC Secretary-General Mohammad Sanusi Barkindo said on Thursday.
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India to play a major role in promoting sustainable palm oil: Industry Exp
Updated : 4 years, 7 months ago IST
New Delhi [India], August 13 (ANI/NewsVoir): Council of Palm Oil Producing Countries (CPOPC) organized a webinar on the theme, 'Strengthening the market share of sustainable palm oil in India' to deliberate upon the prevailing state of palm oil demand-supply chain in India and explore ways t
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India's oil demand outlook darkening as economy limps along: Fitch Solutio
Updated : 5 years, 5 months ago IST
Singapore, September 21 (ANI): Fitch Solutions has made a further downward revision to India refined fuels demand forecast for 2020 from minus 9.4 per cent to minus 11.5 per cent in line with further deterioration in the country's economic outlook.
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Welspun Corp reports Q4 net profit at Rs 138 cr
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 17 (ANI): Pipe manufacturer Welspun Corp, part of the 2.7 billion dollar Welspun Group, on Wednesday, reported a consolidated net profit of Rs 138 crore in the quarter ended March as against a net loss of Rs 149 crore in Q4 FY19.
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COVID-19 to erase nearly a decade of oil demand growth this year: IEA
Updated : 5 years, 11 months ago IST
Paris [France], April 15 (ANI): The coronavirus crisis could erase almost a decade of oil demand growth in 2020 as countries around the world effectively shut down in response to the pandemic, the International Energy Agency (IEA) said on Wednesday.
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Extended coronavirus outbreak to lower oil demand, prices: Moody's
Updated : 6 years, 1 month ago IST
Hong Kong, Feb 6 (ANI): The ongoing coronavirus outbreak has reduced economic activity in China, the world's largest oil importer, with estimates of a short-term reduction in global oil demand weakening crude prices in recent days.
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OPEC cuts 2018 world oil demand growth forecast over Turkey, Brazil, Argen
Updated : 7 years, 5 months ago IST
London [UK], Oct 11 (ANI/Sputnik): The Organization of the Petroleum Exporting Countries (OPEC) downgraded its global oil demand estimate due to changes in economy forecasts for Turkey, Brazil, Argentina, a report by the OPEC showed Thursday. The OPEC, however, has forecasted non-OPEC oil su
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Electrical vehicles will reduce demand for oil worldwide
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov.14 (ANI): The penetration of electrical vehicles (EV) is set to grow in the coming years and may reduce the growth in global oil demand, according to Rystad Energy at a seminar on India's challenges to achieve energy security held recently at the Norwegian Embassy.
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