UK petrol prices fall to lowest level in three years
Petrol prices have reached a three-year low, with unleaded fuel costing as little as £1.26 per…
Tag: oil demand
Global energy consumption breaks records
Global energy consumption increased by 2% from 2022, exceeding pre-COVID levels by over 5%,…
Global oil demand hits seasonal highs
Global oil demand hit a seasonal high in December, marking the eighth monthly record of 2023,…
Global oil demand surges to new heights
Global oil demand hit a new high of 103 million barrels per day in June, driven by increased…
Global oil demand growth to stall by 2028, says IEA
The IEA has predicted a significant slowdown in global oil demand growth in the coming years,…
Oil prices surge as Saudi Arabia commits to output reductions
Oil prices have experienced a notable increase following Saudi Arabia's announcement of…
EV sales to surge 35% in 2023
Growing electrification is predicted to reduce the global demand for oil by at least five…
IEA: China’s reopening to push global oil demand to new heights
The average growth rate for the year is estimated to be two million barrels per day, according…
Oil demand predicted to peak by 2025
Power consumption is expected to triple by 2050, according to a new report
“The UK could be wholly dependent on oil and gas imports within 15 years”
The government has been criticised over lack of commitment to the oil and gas industry’s future…
