Global Oil Demand Growth Outlook Continues to Soften, IEA Says
The outlook for global oil demand growth this year continues to soften amid an economic slowdown and mild weather in Europe, the International Energy Agency said.
The outlook for global oil demand growth this year continues to soften amid an economic slowdown and mild weather in Europe, the International Energy Agency said.
Russia’s April exports of crude and petroleum products dropped to levels last seen in late-2023 amid Ukrainian drone attacks and planned output cuts, putting pressure on the nation’s oil revenues, according to the International Energy Agency.
Britain’s next government will need to find at least £45 billion ($56.6 billion) to stabilize the national debt as the economy struggles with weak growth and high interest costs, according to Bloomberg Economics.
President-elect Prabowo Subianto is confident that he will be able to help Indonesia win the world’s fastest-growing economy tag early in his term, by focusing on industrialization and food and energy security.
Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. all forecast record profits for the year started in April, after the country’s central bank ended its policy of negative interest rates.
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