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...

Japan mulls releasing oil reserves to respond to increasing prices: Reports

Nov 20, 2021

Tokyo [Japan], November 20 (ANI/Sputnik): The Japanese government is considering to release crude oil reserves to curb the oil prices growth, Japan's Kyodo news...

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...

UAE one of fastest-growing economies in 2022: CBUAE

Jul 15, 2023

The UAE’s real GDP growth accelerated during 2022 due to a robust recovery in non-oil GDP and a sizable expansion of oil GDP, according...

COVID management, economic growth to support crude demand in 2023: OPEC

Jul 13, 2022

New Delhi [India], July 13 : Better-than-expected containment of COVID-19 and expected firm economic growth are projected to support global demand for crude oil...