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global economy

OPEC+ raises 2022 oil demand growth forecast
Business Published 01 Sep, 2021 01:08pm

OPEC+ raises 2022 oil demand growth forecast

OPEC+ expects global oil demand to grow by 5.95 million bpd in 2021 after a record drop of about 9 million bpd in 2020 because of the Covid pandemic.
Oil optimism unwinding market's mad dash for storage
Business Published 02 Mar, 2021 10:52am

Oil optimism unwinding market's mad dash for storage

LONDON/NEW YORK/SINGAPORE (Reuters) - When the world economy slammed on the brakes last year, there was a rush to store a wave of unwanted crude and products, but rising prices and optimism about demand is spurring a swift unwinding of storage contracts.