Despite the International Energy Agency (IEA), the Organisation for Economic Co-operation and Development energy watchdog, continuing to emphasise, and in no uncertain terms, that the era of oil demand growth is coming to an end, what is making Prince Abdulaziz bin Salman, the Saudi petroleum minister, so ebullient and convinced that the global crude demand will continue to grow in…
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OPEC’s share of India’s oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake of cheaper Russian oil surged, data obtained from industry sources show, and the major producers’ share could shrink further this year.
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The OPEC+ coalition puts together its choices with respect to oil market basics, not on political inclination, the energy pastor of OPEC’s accepted chief, Saudi Arabia, said on Monday, repeating past remarks from OPEC+ that it is taking a gander at the business sectors while settling on oil creation levels. The choices of the OPEC+ collusion, which is driven by…
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