Oil demand

Despite the gains stirred up by the news of coronavirus vaccines, the global oil demand will take another year or so to return to pre-pandemic levels—by late 2021 or early 2022, an energy expert has said. Markit vice chairman, Daniel…

The secretary of the Organisation for Petroleum Exporting Countries (OPEC), Mohammed Sanusi Barkindo, has predicted that the outlook for oil demand is expected to normalize by 2025. In a speech he gave at the Crescent Ideas Forum last…

ExxonMobil has announced plans to cut its global workforce by 15 per cent in the next two years. The cuts will come through attrition, targeted redundancy programs in 2021, and scaled-back hiring in some countries. ExxonMobil…