Saturday 23 June 2018
Global Oil Demand

IEA slashes global oil demand growth forecast

The International Energy Agency (IEA) has revised upwards its forecast for global oil demand growth in 2014 to a modest 1.5 per cent on the back of a more robust outlook for global economic growth, a report said. The IEA now sees


Opec cuts 2012 global oil demand forecast

World oil demand will rise more slowly than expected this year, Opec said on Thursday, hit by the euro-zone debt crisis and high retail prices. In a monthly report, the Organisation of the Petroleum Exporting Countries (Opec) cut its fore


Debt crisis 'could slow new oil projects'

The impact of the Greek debt crisis may not only squeeze global demand for oil but also make it harder for energy companies to finance new projects, a top executive at French oil major Total said. Total and its industry peers, which invest


Oil demand to shrink by 500,000 bpd says IEA

World oil demand will contract sharply in 2009 as the global economic slowdown further erodes consumption, the International Energy Agency (IEA) said on Friday. The Paris-based agency joined the ranks of forecasters predicting a fall in gl

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