20.8 C
Sunday, October 24, 2021

Oil price depends on global growth

Must read

- Sponsored Ad -

International Energy Agency chief Fatih Birol says that oil prices may have bottomed but that would depend on global economic growth.

Asked if oil prices had reached a bottom, Birol told Reuters: “It may well be the case, but it depends on economic growth.”

- Advertisement -

He expected global oil demand to grow by 1.2 million barrels per day this year while non-OPEC oil production would fall by more than 700,000 bpd.

Online Source

The Indian Telegraph Sydney Australia

- Advertisement -
- Advertisement -

More articles

- Advertisement -

Latest article