Global oil demand hits seasonal highs
Global oil demand hit a seasonal high in December, marking the eighth monthly record of 2023,…
Tag: oil demand
Global oil demand surges to new heights
Global oil demand hit a new high of 103 million barrels per day in June, driven by increased…
Global oil demand growth to stall by 2028, says IEA
The IEA has predicted a significant slowdown in global oil demand growth in the coming years,…
Oil prices surge as Saudi Arabia commits to output reductions
Oil prices have experienced a notable increase following Saudi Arabia's announcement of…
EV sales to surge 35% in 2023
Growing electrification is predicted to reduce the global demand for oil by at least five…
IEA: China’s reopening to push global oil demand to new heights
The average growth rate for the year is estimated to be two million barrels per day, according…
Oil demand predicted to peak by 2025
Power consumption is expected to triple by 2050, according to a new report
“The UK could be wholly dependent on oil and gas imports within 15 years”
The government has been criticised over lack of commitment to the oil and gas industry’s future
US to release 50m barrels of oil to lower energy costs
The UK has also agreed to participate, by releasing 1.5 million barrels of its reserves
ExxonMobil to cut up to 1,600 jobs across European operations
The oil and gas giant says the jobs cuts are due to 'reorganisational' changes to…
