The International Energy Agency (IEA) will revise its global oil demand growth projections based on the economic growth prospects of China and some other countries, its executive director Fatih Barol said on Saturday.
He reiterated the IEA's view that oil markets are expected to tighten in the second half of the year.
Speaking to reporters at a meeting of Group of 20 energy ministers in India, Barol said the revision of the demand forecast "is very much dependent on the growth of many countries in the second half, but mainly Chinese growth prospects". Asked if there was a case for a further reduction in demand projections, he said, "Yes, but there is also a possibility of revising up, so we will see how the Chinese economic prospects will look like. But in any case we see a tightening in the second half of the year."
Reporting by Nidhi Verma in Goa; Writing by Sarita Chaganti Singh in New Delhi; Editing by William Mallard
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Visa and Mastercard can now be used on China's biggest payment apps | CNN BusinessVisiting China just got a whole lot easier for international travelers.
Consulte Mais informação »
UK's IG Group revenue hits 1 bln pound for first time, eyes international growthBritish online trading platform IG Group on Thursday raised its dividend and announced a new share buyback after recording annual revenues of 1 billion pounds ($1.29 billion) for the first time, partly helped by strong U.S. trading.
Consulte Mais informação »
Massive ‘doomsday fish’ stuns deep sea divers in international watersLegend claims the oarfish appears just before natural disasters like tsunamis or earthquakes.
Consulte Mais informação »
2-alarm building fire burning in Seattle’s Chinatown-International DistrictFirefighters said people who work and live in the area should keep their windows and doors shut due to smoke.
Consulte Mais informação »
'Truly remarkable kids:' Saskatoon Children's Choir wins top prize at international festivalThis summer, SCC took home the top prize at the International Choral Kathaumixw in Powell River, British Columbia. yxe
Consulte Mais informação »