Cement News tagged under: oil demand
Oil prices tumble, demand rises09 February 2016, Published under Cement NewsAs the oil market is supplied with considerable volumes from US shale oil to ramped up production in Saudi Arabia and Iraq, oil prices have tumbled in the past six months. On the back of price falls, demand for oil has increased. Real Brent crude oil prices are hitting bottom prices since decades and the share of energy consumption as percentage of global GDP is 2.6 per cent, a level not seen since the late 1990s. Demand has jumped to 1.7mbd in 2015 and the current oil prices are expected... |
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