Crude oil demand set to decline in 2030: IEA sees first drop since...

Dununu.com Dununu

Sponsor

Crude oil demand set to decline in 2030: IEA sees first drop since Covid, supply growth to be led by US and Saudi Arabia

RSS Feed Business

Posted

50

The IEA forecasts a slight dip in global oil demand in 2030, marking the first decline since the 2020 Covid shock, driven by slower economic growth, EV adoption, and energy transition efforts. Global oil consumption is projected to peak at 105.6 million bpd in 2029 before decreasing to 105.5 million bpd the following year.

Read Full Article

Please log in to like, share and comment!

Top banks cut savings account rates after RBI rate cut decision; SBI drops to 2.5%, HDFC and ICICI now at 2.75%

Savings account holders will earn less. State Bank of India, HDFC Bank, and ICICI Bank have...

By 0 0

Naveen Patnaik to undergo cervical arthritis surgery

By 0 4

Voter ID cards to reach within 15 days: Election Commission rolls out fast-track delivery system

By 0 4

Currency watch: Rupee slips 13 paise to 86.47 against US dollar, crude prices and Middle East tensions weigh on sentiment

The Indian rupee weakened to 86.47 against the US dollar due to risk-off sentiment, high crude...

By 0 13

'Nothing but hypocrisy': Mamata Banarjee slams BJP over ‘Constitution murder day’; says TMC won’t take part in observance

By 0 15