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Fiscal Policy Office cuts 2026 Dubai crude forecast to US$82 on weaker demand

July 25, 2026

The FPO expects Dubai crude to average US$82 a barrel in 2026, down from US$91, with easing supply risks likely to pull prices lower from Q4

IEA cuts 2026 oil demand outlook as Middle East war rattles markets

April 15, 2026

IEA lowers its 2026 oil demand growth forecast as Middle East conflict disrupts Hormuz flows, hits supply and keeps pressure on global oil prices

Overall fuel consumption sees a slight decline in first half of the year

SATURDAY, AUGUST 03, 2024

The increasing adoption of electric vehicles (EVs) has led to a slight decline in overall fuel consumption during the first half of 2024, according to the Department of Energy Industry at the Energy Ministry.

OPEC sees oil demand growth to 2035 unchecked by climate fight

WEDNESDAY, SEPTEMBER 29, 2021

OPEC sees oil demand continuing to grow to the middle of next decade, even as world leaders prepare for another attempt to avert catastrophic climate change.

Global virus lockdowns are reshaping the future of oil demand

THURSDAY, APRIL 23, 2020

Richie Merzian is still thinking about oil a lot in his professional capacity, but these days he's using much less of it.

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Fiscal Policy Office cuts 2026 Dubai crude forecast to US$82 on weaker demand

IEA cuts 2026 oil demand outlook as Middle East war rattles markets

Overall fuel consumption sees a slight decline in first half of the year

OPEC sees oil demand growth to 2035 unchecked by climate fight

Global virus lockdowns are reshaping the future of oil demand