high oil prices beginning to hit demand
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

High oil prices beginning to hit demand

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today High oil prices beginning to hit demand

PARIS - AFP

Soaring oil prices are beginning to hit demand, which has been trending downwards in recent months, the International Energy Agency said Tuesday. "There are real risks that a sustained $100 dollars a barrel-plus price environment will prove incompatible with the currently expected pace of economic recovery," the agency said in its monthly report. The IEA noted that "global oil demand growth has shown signs of slowing in recent months in the face of sharply higher prices." Following six months of forecast increases, the IEA kept its oil demand forecast for the rest of the year unchanged: that should reach 89.4 million barrels per day (bpd), 1.6 percent up on 2010, it said. World oil production dropped by 70,000 bpd to 88.3 million bpd in March, due to a 70 percent drop in production in Libya, where rebels in the east of the country are fighting Moamer Gadaffi's regime, backed by NATO air strikes. "The loss of Libyan production and the 25-30 percent jump in oil prices since the crisis began in mid-February has so far drawn a limited response from fellow OPEC (Organisation of Petroleum Exporting Countries) members," the IEA said.

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

high oil prices beginning to hit demand high oil prices beginning to hit demand

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

high oil prices beginning to hit demand high oil prices beginning to hit demand

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more

GMT 09:47 2018 Tuesday ,23 January

To 'eternal style' of late Alaia

GMT 17:12 2012 Wednesday ,16 May

LG unveils new user interface for ICS devices

GMT 15:03 2013 Thursday ,25 July

Belgium under heat wave

GMT 04:59 2015 Tuesday ,01 September

Qatar coral reef at risk from warming seas

GMT 21:51 2016 Friday ,14 October

3 frontier corps personnel killed in Quetta

GMT 14:42 2012 Saturday ,21 January

Bella Cruise debuts new main squeeze

GMT 13:52 2013 Tuesday ,26 March

Indian director talks about Himmatwala remake

GMT 22:26 2017 Sunday ,08 January

1 Turkish soldier, 37 Daesh militants killed

GMT 02:35 2014 Sunday ,29 June

Hilton Jaipur unveils new main restaurant

GMT 20:51 2015 Saturday ,10 January

Twofour54 will train Saudi journalists

GMT 21:47 2015 Tuesday ,20 January

Kuwait shuts newspaper critical of government

GMT 09:38 2013 Tuesday ,31 December

SRA discovers new plant species in UAE
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

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 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday