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China will make up nearly 40% of the rise in global oil demand in 2023, Wood Mackenzie says

China will make up nearly 40% of the rise in global oil demand in 2023, Wood Mackenzie says

March 23, 2023 admin-dominor Asia Economy, Brent Crude Oil (Dec'20), business news, China, Economic events, ICE Brent Crude (Apr'23), Saudi Arabia, Vladimir Putin, World economy

The research firm said in a report it views China's reopening as the "single biggest demand driver" for a recovery

Oil prices turn positive after falling by $2 a barrel on a report UAE is considering leaving OPEC

Oil prices turn positive after falling by $2 a barrel on a report UAE is considering leaving OPEC

March 3, 2023 admin-dominor business news, Economy, Emerging markets, Energy, ICE Brent Crude (Apr'23), MARKETS, Middle East, New York, Oil and Gas, Saudi Arabia, United Arab Emirates

Such a move would significantly impact on the oil producer group's global clout, and allow the UAE to pump as