Tag: Demand

Cardoso To Nigerians: Moderate Demand For Forex
February 10, 2024 No Responses

Cardoso To Nigerians: Moderate Demand For Forex

The Governor, Central Bank of Nigeria, (CBN), Olayemi Cardoso has implored Nigerians to cut down on their demand for forex. “We must moderate our demands for forex. Where there are opportunities to substitute locally, so we should.” the CBN governor...
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OPEC Raises Chinese Oil Demand Growth Forecast
March 15, 2023 No Responses

OPEC Raises Chinese Oil Demand Growth Forecast

The Organization of Petroleum Exporting Countries (OPEC) on Tuesday further raised its forecast for Chinese oil demand growth in 2023 due to the relaxation of the country’s COVID-19 curbs, although it left the global total steady, citing potential downside r...
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ExxonMobil Eyes More Long-Term Gas Supply Deals With India
February 5, 2022 No Responses

ExxonMobil Eyes More Long-Term Gas Supply Deals With India

Global energy major ExxonMobil is looking at signing more long-term gas sales deals with India as rising spot prices have added to the appeal of longer duration contracts.“We’re certainly happy to work with our friends and partners in India to ...
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Oil Rises As Full U.S. Clearance For COVID-19 Vaccine Stokes Demand
August 24, 2021 No Responses

Oil Rises As Full U.S. Clearance For COVID-19 Vaccine Stokes Demand

Oil prices rose on Tuesday after the U.S. drug regulator granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, stoking investor hopes that higher fuel demand will follow a potential step up in U.S. coronavirus vacc...
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Oil Extends Losses As Covid-19 Slows Demand
August 14, 2021 No Responses

Oil Extends Losses As Covid-19 Slows Demand

Oil prices fell for a second day on Friday after the International Energy Agency warned that demand growth for crude and its products had slowed sharply as surging COVID-19 cases worldwide forced governments to revive movement restrictions.Reute...
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Oil Extends Losses As Stockpile Rise Amid Weakening Demand
September 12, 2020 No Responses

Oil Extends Losses As Stockpile Rise Amid Weakening Demand

Oil prices fell for a second day on Friday, pressured by a surprise rise in U.S. stockpiles as the coronavirus pandemic continues to erode demand for fuels.Brent crude was down 18 cents, or 0.5%, at $39.88 a barrel by 0337 GMT, after fallin...
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