global oil demand

Oil Falls Amid Middle East Tensions, Disruption Concerns

January 20, 2024

By Adedapo Adesanya Oil settled slightly lower on Friday but recorded a weekly gain as Middle East tensions and disruptions to crude output offset

Economy

World Oil Demand Forecast Remains Steady at 2.33mbpd—OPEC

May 12, 2023

Adedapo Adesanya

By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries (OPEC) has stated that the global oil demand forecast for 2023 was steady for

Economy

OPEC Raises Global Oil Demand Forecast in Medium, Longer Terms

November 1, 2022

Adedapo Adesanya

By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries (OPEC) has increased its outlook for global oil demand in the medium and longer

Economy

Global Oil Demand to Rise 1.7mbpd in 2022—IEA

July 14, 2022

Adedapo Adesanya

By Adedapo Adesanya Global oil demand is expected to rise by 1.7 million barrels per day this year compared to 2021. In its latest

Economy

Prices Drop as OPEC Sees Decline in Global Oil Demand

April 1, 2021

Adedapo Adesanya

By Adedapo Adesanya Prices of crude oil went southwards on Wednesday as the Organisation of the Petroleum Exporting Countries (OPEC) revised down its 2021

Economy

OPEC Forecasts Global Oil Demand Growth of 5.89mb/d for 2021

March 12, 2021

Adedapo Adesanya

By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries (OPEC) in its latest forecast figures for March said the global oil demand will

Economy

IEA Forecast Improved Oil Demand of 92.1mbpd in 2020

July 10, 2020

Adedapo Adesanya

By Adedapo Adesanya Global oil supply falls to nine-year low in June. The International Energy Agency (IEA) has increased its 2020 oil demand forecast

Economy

Global Oil Demand to Fall from 2025–IEA

November 14, 2019

Adedapo Adesanya

By Adedapo Adesanya The International Energy Agency (IEA) has said that global oil demand is expected to slow from 2025 onwards due to the

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