Oil demand risks downside from EU, US
Seoul, September 12, 2013
Global oil demand could see downside risks while economic growth in emerging markets and Europe slows and the US imports less oil, a senior industry official said on Thursday.
"We see the downside risks to the outlook (for oil demand) from slower economic growth in key emerging markets, weakness in Europe, the collapse in demand for oil imports from the US," UAE Energy Minister Suhail bin Mohammed al-Mazroui said at an industry event.-Reuters
Tags: Oil |
More Energy, Oil & Gas Stories
- Egypt/Saudi grid tenders to be launched in 2014
- Scottish oilfield firm expands in Mideast
- Global oil demand growth 'gaining momentum'
- Taqa targets $20m saving with HQ restructure
- Total seals Oman deepwater drilling deal
- Egypt in gas price talks with foreign firms
- Exxon offers rare Saudi gasoil term contract
- 40 Chinese firms to exhibit at energy summit
- More refinery closures on the cards for 2014: IEA
- Libya’s eastern oil ports likely to reopen Sunday