Global vehicle sales to fall by 2040, but oil demand to rise: Study
The study`s authors expect 43 million barrels a day of new oil production will need to be brought into development by 2040 as demand rises and existing fields decline naturally.
Nov 15, 2017, 10:18 AM IST
Oil prices firm on strong demand, political uncertainty in Syria
US West Texas Intermediate (WTI) crude futures were up 10 cents at $52.34 a barrel.
Apr 10, 2017, 10:19 AM IST
OPEC countries complying with agreed output cuts: IEA
OPEC countries are largely complying with a landmark deal to reduce the global oil glut, the IEA said Friday, as it predicted that oil demand was likely to be more vigorous than anticipated this year.
Feb 10, 2017, 19:24 PM IST
India's fuel demand rose 16.4% in March
India`s fuel demand rose 16.4 percent in March compared with the same month last year.
Apr 12, 2016, 20:32 PM IST
Oil prices fall on dimming prospect of output restraint
Oil prices fell in early trading on Monday as the chances of Middle East producers agreeing to curb overproduction appeared to fade, while U.S. output remains stubbornly high.
Apr 04, 2016, 09:21 AM IST
Gulf oil exporters should cut spending, diversify: IMF
The wealthy monarchies, however, should "not react in a knee-jerk way to lower oil prices", the IMF Middle East and Central Asia chief Masood Ahmed told AFP in an interview Monday.
May 05, 2015, 10:38 AM IST
Oil slips after four-day rally
Oil prices fell on Wednesday as renewed concerns over global demand and high stock levels halted a rally that pushed up prices by about 19 percent over the past four sessions.
Feb 04, 2015, 09:57 AM IST
Oil sinks below $63 to lowest in over 5 years on glut, weak demand
Oil prices will likely come under further downward pressure, the International Energy Agency said as it cut its outlook for demand growth in 2015 and predicted that healthy non-OPEC supply gains were poised to aggravate the glut.
Dec 12, 2014, 18:17 PM IST
Oil falls below $66 as OPEC trims 2015 demand forecast
Brent crude oil slipped below $66 a barrel on Wednesday, just above a five-year low, as producers forecast lower demand for their oil next year.
Dec 10, 2014, 18:29 PM IST
IEA cuts oil demand outlook on weak global growth
Falling oil prices could soon be matched by a slowing of supplies, the IEA warned Tuesday, lowering again its demand outlook because of weak growth of the global economy.
Oct 14, 2014, 19:49 PM IST
IEA cuts oil demand outlook on weaker growth in Europe, China
The growth in demand for oil this year and next will be markedly lower than expected, the IEA said.
Sep 11, 2014, 15:01 PM IST
Oil prices mixed after weak China, Europe data
Oil prices were mixed in Asia on Tuesday following disappointing manufacturing data out of top energy consumer China as well as Europe and as dealers await fresh US economic figures, analysts said.
Sep 02, 2014, 08:40 AM IST
Oil hits fresh 13-month low after IEA slashes demand forecast
US benchmark West Texas Intermediate for September fell 19 cents to $97.18 in mid-morning Asian trade.
Aug 13, 2014, 09:38 AM IST
IEA lowers outlook for oil demand on unsteady global growth
Some of these conflict factors, which could be expected to raise tension and prices on the oil market, might even work in the opposite direction, the agency said.
Aug 12, 2014, 15:41 PM IST
Oil prices extend drop on supply disruption
Oil price losses have been capped, however, by a bigger-than-expected drop in US crude inventories.
Jul 04, 2014, 23:15 PM IST
