Sentences with phrase «because global oil demand»
Because global oil demand is increasing, declining production will soon generate high energy prices, inflation, unemployment, and irreversible economic depression.
https://dotearth.blogs.nytimes.com/ Not exact matches
Lewenza thinks oil prices will bounce back, mostly because global demand growth will resume.
The phase change occurred also because of a profoundly weakened global economy and lower demand growth for oil.
The stronger forecast is notable not just because it puts oil demand growth at its hottest in a long time, but also because the IEA essentially shrugged off any lingering effects from the storms in the U.S., concluding that the «impact on global markets is likely to be relatively short - lived.»
But for now, our working assumption is that global oil demand could be reduced by at least 600,000 bpd in September because of the two hurricanes.
When gas prices finally did fall, it was mostly because the global recession had led to less demand for oil.
Global oil demand continues to grow until 2040, mostly because of the lack of easy alternatives to oil in road freight, aviation and petrochemicals, according to WEO - 2016.