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Europe solidifies decision to ban new combustion cars by 2035
The threat to sustainable oil demand is increasing in Europe where the regional economic bloc has decided in concrete terms to end use of petrol for vehicular transportation in the next 13 years in line with already running emission reduction…
Oil market to be jolted by European demand shift
Sopuruchi Onwuka Demand shift expected from looming drop in the European consumption of Russian oil will in the week begin to reshape forces in the market, and probably propel a new direction in prices. According to the International Energy Agency…
OPEC, IEA see stronger oil demand, rising prices
Sopuruchi Onwuka Figures and forecasts by the world’s oil market antagonists, the Organization of Petroleum Exporting Countries (OPEC) and International Energy Association (IEA) confirm that galloping demand propels increase in the prices of crude oil and natural gas liquids. Whereas…
