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Global oil demand to grow by 2.2pc in 2024: OpecThe world oil demand will grow by a healthy 2.2 million to 104.25 million barrel per day (mb/d), in 2024, said the Organisation of the Petroleum Exporting Countries (Opec) in its review, thus raising its 2023 forecast to 2.4 mb/d, following an More… |
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Global oil demand climbs to record high in March: JODI DataGlobal oil demand rose by 3.0 mb/d month-on-month in March to the highest level ever recorded by Joint Organisations Data Initiative (JODI)-reporting countries, driven by growth in China and the US. China's More… |
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Oil demand to bounce back this year, says reportThe Covid pandemic led to oil demand contracting by 9-10 million barrels per day in 2020, but it is expected to rebound by 5-6 million barrels per day this year, a major symposium heard. The pandemic has More… |
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Oil demand to reach pre-Covid levels by 2023: BofAWhile the oil industry is moving in the right direction with a number of refinery closures announced since October, more closures are likely needed, as the global oil demand to reach pre-Covid-19 levels by 2023, said the Bank of America (BofA) i More… |
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EVs to reach 5% of global car fleet by 2025: studyElectric vehicle (EV) stock should reach almost 5% of global car fleet by 2025 based on the IEA’s projections, said Barclays in a new report, adding that in such a scenario, EVs are expected to offset about 1.2 million barrels per day (mb/ More… |
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EVs to offset 1.2m b/d of oil demand by 2025: studyElectric vehicle (EV) stock should reach almost 5% of global car fleet by 2025 based on the IEA’s projections, said Barclays in a new report, adding that in such a scenario, EVs are expected to offset about 1.2 million barrels per day (mb/ More… |
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Oil demand down but not yet out: BofAS reportOil demand, which took the largest hit ever recorded in the first half of 2020, is now recovering as lockdowns ease, but it could take a few years until all segments of oil consumption surpass levels seen prior to the Covid-19 shock, a report sa More… |
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Oil demand to take three years to normalise: reportOil demand, which took the largest hit ever recorded in the first half of 2020, is now recovering as lockdowns ease, but it could take three years until all segments of oil consumption surpass levels seen prior to the Covid-19 shock, a report sa More… |
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Oil demand ‘unlikely to rebound until Q3 2023’Global oil demand will not return back to pre-virus levels until the third quarter (Q3) of 2021, and a forecast of 2.5 million barrels per day (m b/d) quantum is seen as a permanent level of demand destruction, a report said. Desp More… |
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Bahrain, Abu Dhabi to see rebound in growth in 2021Bahrain and Abu Dhabi will see a rebound in economic growth in 2021 as oil prices recover amid improving domestic demand and activity in the region increases, said S&P Global Ratings in a new report. Bahrain More… |
