Global oil supply glut to 'shrink dramatically' this year
An Indian petrol pump employee fills the tank of a motorbike
Paris - AFP
A global oil glut that has sent prices tumbling is set to "shrink dramatically" later this year, as wildfires have disrupted Canada's output and demand in India soars, the International Energy Agency (IEA) said Thursday.
Demand for oil worldwide is set to grow at a "solid" rate in 2016, with India the "star performer", the 29-nation IEA said in its monthly report, adding it believed "the global supply surplus of oil will shrink dramatically later this year".
- Sunday ,18 November GMT 09:34 2018 US, Japan, Australia, NZ to bring electricity to Papua New Guinea
- Thursday ,08 November GMT 11:38 2018 World Bank member offers 71 mln USD for building wind power plant in Jordan
- Tuesday ,09 October GMT 07:01 2018 First high-level renewable energy conference to kick off in Cairo Tuesday
GMT 12:00 2018 Wednesday ,28 November
6th Gulf Intelligence Oman Energy Forum opensGMT 13:32 2018 Thursday ,22 November
Russia's Sovcomflot considers acquiring LNG-fueled shipsGMT 08:21 2018 Monday ,19 November
Russia expects new joint energy projects with VietnamGMT 09:34 2018 Sunday ,18 November
US, Japan, Australia, NZ to bring electricity to Papua New GuineaGMT 11:38 2018 Thursday ,08 November
World Bank member offers 71 mln USD for building wind power plant in JordanGMT 12:27 2018 Friday ,02 November
Proportion of renewable energy reaches 38 per cent in GermanyGMT 12:26 2018 Friday ,02 November
Proportion of renewable energy reaches 38 per cent in GermanyGMT 07:01 2018 Tuesday ,09 October
First high-level renewable energy conference to kick off in Cairo TuesdayRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 10:08 2018 Wednesday ,24 January
US Senate confirms Jerome Powell as next Fed chairman
GMT 07:32 2018 Tuesday ,23 January
Oil spill disasters in the past 50 yearsGMT 14:45 2011 Friday ,30 September
Plutonium \'detected outside Fukushima plant\'GMT 06:38 2011 Friday ,03 June
Cyber attacks constant
GMT 09:06 2024 Thursday ,08 February
Meghan presents fashion award to wedding dress designer Waight Keller
GMT 22:48 2018 Thursday ,13 December
French archaeological mission discovers artefacts in Umm Al Qaiwain
GMT 07:58 2018 Thursday ,25 October
Cathay Pacific data breach affects 9.4 million passengers
GMT 08:46 2018 Wednesday ,12 September
Arab foreign ministers conclude 150th meeting at the Arab League’s Secretariat
GMT 13:56 2018 Tuesday ,04 September
HRH Premier's keenness to promote social ties hailed
GMT 17:29 2013 Tuesday ,02 July
HEC pays an inspection visit to Ahlia University
GMT 18:50 2016 Monday ,04 April
United States seizes thousands of Iranian weapons, including grenade launchers, in Arabian Sea
GMT 06:38 2017 Monday ,10 April
Prime Minister Participates in Meetings of Interior Ministers' Council
GMT 10:35 2017 Thursday ,10 August
Victory Team ready for UIM F1H2O World Championship
GMT 11:38 2017 Thursday ,10 August
Fujairah Crown Prince opens Jiu Jitsu ChampionshipGMT 13:46 2011 Thursday ,16 June
Flavoured milk off the menu in schools
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor