Eight OPEC+ nations agreed to a production adjustment of 206,000 barrels per day in May to stabilise oil markets amid West Asia tensions. The producers also warned that attacks on energy infrastructure and disruptions to maritime routes threaten global energy security
New Delhi: India’s oil demand is projected to jump 8.2 per cent to 5.15 million barrels per day in 2022 as the economy continues to rebound from the devastation caused by the pandemic. The Organization of Petroleum Exporting Countries (OPEC) in its latest monthly oil market report projected the world’s third-biggest energy consumer to add […]
"Fresh surge in Covid cases, consequent lockdowns and slow rollout of vaccines, especially in Europe, are likely to delay demand recovery to pre-Covid levels," ICICI Securities report said
