China, the world's largest crude importer and No. 2 buyer of liquefied natural gas, has become the biggest uncertain factor in global oil and gas markets in 2023.
BENGALURU, India – Oil producers may have to reconsider their output policies following a demand recovery in China, the world’s second largest oil consumer, the International Energy Agency ’s Executive Director Fatih Birol said on Sunday, February 5.
“We expect about half of the growth in global oil demand this year will come from China,” Birol told Reuters on the sidelines of the India Energy Week conference.“If demand goes up very strongly, if the Chinese economy rebounds, then there will be a need, in my view, for the OPEC+ countries to look at their [output] policies,” Birol said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nat'l University-Manila leads January 2023 Sanitary Engineer Licensure ExamSix graduates from the National University (NU)-Manila entered the top 10 highest places of the January 2023 Sanitary Engineer Licensure Examination and was also hailed as the board exam’s top-performing school.
Read more »
CCP Main Theater closes its doors for 2023, reveals shows and renovationsWelcoming 2023, the Cultural Center of The Philippines (CCP) closes its doors to the public as it undergoes renovations.
Read more »
DOT targets to have 4.8 million tourists visiting Philippines in 2023The Department of Tourism is targeting to have 4.8 million tourist arrivals in the country this year, double that of last year&39;s visitors.
Read more »
US reports blowout job growth; unemployment rate lowest since 1969The United States’ unemployment rate slides to 3.4% in January 2023.
Read more »
Miss Universe Philippines extends application period for 2023 pageantLadies, you’ve still got a chance to be the next Miss Universe Philippines!
Read more »
What happened during Lakas-CMD's 1st execom meeting for 2023?An election of national officials, the upholding of the party’s support to the Marcos administration, and a whole lot of camaraderie.
Read more »