Iraq Bulletin

Tag : gasoline demand

Business

China electric cars reshape fuel demand and Venezuela oil flows

iraqbulletin.co
BEIJING: China’s rapid shift to electric vehicles is reshaping the world’s largest auto market and dulling growth in the transport fuel demand that once underpinned its appetite for imported crude, including heavy oil from Venezuela. The International Energy Agency said China sold...
Business

Global oil demand growth revised down by OPEC by 106,000 barrels per day

iraqbulletin.co
MENA Newswire News Desk: OPEC has revised its global oil demand growth forecast for 2024, reducing the previous estimate by 106,000 barrels per day (b/d). The organization's latest report now projects a year-on-year increase of 1.9 million barrels per day (mb/d),...