Global energy demand is set to skyrocket over the next two decades, OPEC said in its latest annual outlook, with India and China the most important contributors to this growth.
OPEC continued to lower its forecast for oil demand in its latest monthly report, issuing its fourth consecutive downward revision to consumption growth for 2019.
Big Oil should do all it can to embrace fast-improving Artificial Intelligence (AI) in the energy industry, according to the United Arab Emirates’ (UAE) first minister dedicated to fostering the technology.
European companies are unlikely to continue business with Tehran even if their governments wish otherwise, the White House’s National Security Advisor said on Tuesday.
The International Monetary Fund has warned that a number of risks could offset economic growth in the Middle East, North Africa, Afghanistan, and Pakistan.
Oil prices fell more than 2 percent on Tuesday after U.S. President Donald Trump put pressure on OPEC not to cut supply.