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OPEC cuts 2022 world oil demand forecast due to Ukraine conflict

OPEC cuts 2022 world oil demand forecast due to Ukraine conflict

[ad_1] LONDON - OPEC on Tuesday cut its forecast for growth in world oil demand in 2022 citing the impact of Russia's invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China. In a monthly report, the Organization of the Petroleum Exporting

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US ban on Russian energy products to drive oil prices to new highs in near term

US ban on Russian energy products to drive oil prices to new highs in near term

[ad_1] Growing worries over supply disruptions from Russia and a possible delay in Iran-US nuclear deal amid surging global demand has pushed oil prices to $130 a barrel this week. Multi-year low US crude inventories and restrictive production policies of OPEC Plus countries also added support to prices. The global

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