Platts Analytics forecasts global oil supply growth of 3 million b/d

Jun 15, 2021

New Delhi [India], June 15 : Platts Analytics has forecast global oil supply growth of 3 million barrels per day this year and 5.5...

OPEC+ extends major oil production cuts until 2025 to stabilise market

Jun 03, 2024

Faced with slow demand growth, high interest rates, and the rise in U.S. oil production, the group aims to support oil prices by managing...

Oil price rise would hit 2024 global growth, inflation outlook: Fitch

Nov 12, 2023

Higher-than-expected oil prices in a scenario where the ongoing Middle East conflict disrupts oil supply would cause lower economic growth and higher inflation, according...

India projected to drive global oil demand growth: International Energy Agency report

Feb 07, 2024

The report forecasts that India will emerge as the largest source of global oil demand growth between now and 2030, signalling a significant shift...

"Forcing Russia to sell oil at bigger discounts to India": US treasury official hails price cap policy on Russian oil

Apr 04, 2024

"We know that the Indian economy is much at stake in the Russia World Trade and as much at stake for the global supply...

Red Sea turmoil sparks concerns for oil importing nations despite supply stability: S&P GCI

Feb 07, 2024

According to S&P Global Commodity Insights (GCI), while oil shipments have largely been spared from major disruptions, concerns loom over potential escalations that could...