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Gold demand soars on economic rebound, inflation surge
Global gold demand soared in the fourth quarter of 2021 as inflation rocketed, helping to recoup much of the drop triggered by the pandemic, new industry data showed.
Iran’s diesel demand drops by 10% with quota system
An Iranian Oil Ministry official said demand for diesel in the country has declined by more than 10% as a result of introducing a quota system that allocates the fuel to heavy vehicles based on their use.
OPEC says high prices to dampen pace of oil demand recovery
OPEC cut its world oil demand forecast for the last quarter of 2021 as high energy prices curb the recovery from COVID-19, delaying the timeline for a return to pre-pandemic levels of oil use until later in 2022.
Virus variant threatens to cool oil demand recovery
Oil prices will trade near $70 per barrel for the rest of the year supported by the global economic recovery and a slower-than-expected return of Iranian supplies, with further gains limited by new coronavirus variants, a Reuters poll showed.
Oil hits new high near $75 on demand rise, falling inventories
Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in US crude inventories.
OPEC raises 2021 oil demand growth forecast on hope pandemic wanes
OPEC on Tuesday evening raised its forecast for growth in world oil demand this year on expectations the pandemic will subside, providing help for the group and its allies in their efforts to support the market.
NGOs demand action not promises as EU accused of ‘failing to protect seas’
A coalition of NGOs is calling for an urgent ban on destructive bottom trawling in EU marine protected areas, after the failure of member states to defend seas.
Saudi cut to boost oil market destocking, even as demand falters
Saudi Arabia’s voluntary oil production cut is expected to bring the oil market into deficit for most of 2021 even as new lockdowns to contain the spread of the coronavirus batter oil demand, analysts say.
From small businesses to farmers, middle India is driving demand
Manish Mehra, owner of Washex Hospitality, an industrial laundry service, recently flew from Delhi to Jodhpur, a city in northwestern India, to win a contract to service a large, government-run hospital — a move essential to kickstarting his business.
Iraqi MPs demand reciprocal move after UAE stops issuing visa
A group of Iraqi lawmakers urged their government to reciprocate the UAE’s move to stop issuing new visas to Iraqi citizens and arrest several Iraqis for unknown reasons, saying the decision is in line with Abu Dhabi's normalization of ties with Israel.
Global demand for PPE, especially in US, fuels China's exports: WSJ
China's exports globally benefited both from its ability to reopen factories faster than other countries and its ability to provide massive amounts of the products needed to fight the novel coronavirus, reported The Wall Street Journal.
Fossil fuel demand to take historic knock amid COVID-19 scars: BP
Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast.
Global demand for oil to fall further than expected, says IEA
The world’s demand for oil will fall further than expected through this year and in 2021 following a surge in new coronavirus cases, according to the International Energy Agency (IEA).
Pandemic could fuel demand for 'diaspora bonds', says World Bank
The coronavirus pandemic and its devastating economic impact on developing countries could fuel fresh interest in so-called diaspora bonds that allow migrants to support their countries of origin, experts from the World Bank and other groups said.

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