Try GOLD - Free
Global oil demand growth to slow: IEA
Mint Kolkata
|May 16, 2025
Global oil demand will rise more slowly for the remainder of 2025 due to economic headwinds combined with record sales of electric vehicles, the International Energy Agency (IEA) said on Thursday, as rising supply from planned Opec+ output hikes keeps the market in surplus.
-
Lower oil prices stemming from trade tensions and rising output are impacting US shale output growth, while also curbing Russian oil revenue, the IEA, which advises industrialized countries, said in its monthly oil market report.
This story is from the May 16, 2025 edition of Mint Kolkata.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Kolkata
Mint Kolkata
Defence sector sees ₹15 tn opportunity on export push
Defence exports were at ₹38,424 cr in FY26, with government targeting ₹50,000 cr by FY29
3 mins
May 01, 2026
Mint Kolkata
InvITs: A HYBRID OPTION OFFERING INCOME STABILITY AND EQUITY-LIKE GROWTH
Your investment portfolio typically comprises instruments placed at different points on the risk-return spectrum, depending on your goals and risk appetite.
3 mins
May 01, 2026
Mint Kolkata
JSW One acquires BuildNext
PO-bound JSW
1 min
May 01, 2026
Mint Kolkata
France's gold move may hold a cue even for India
Its decision to shift gold out of America is prudent given the weaponization of finance by the Trump administration. India should consider it too, besides diversifying its forex reserves
2 mins
May 01, 2026
Mint Kolkata
Listing-shy Tata Sons can't escape RBI's public funds net
A clarification by the Reserve Bank of India (RBI) has undercut Tata Sons’ attempt to distance itself from public funds, potentially retaining it in the upper layer of non-bank financial companies (NBFCs), a category that entails tighter regulation and a mandatory listing requirement.
2 mins
May 01, 2026
Mint Kolkata
IDBI Bank Q4 net profit slips 5%
DBI Bank on Thursday reported a 5% decline in net profit to ₹1,943 crore for the March quarter of FY26.
1 min
May 01, 2026
Mint Kolkata
Renault seeks NCLT nod for rejig
Renault Group India has sought approval from the National Company Law Tribunal (NCLT) for a proposed restructuring of its India operations, as it sharpens its focus on the world’s third-largest car market.
1 min
May 01, 2026
Mint Kolkata
Cleaner growth for Bajaj Fin?
Bajaj Finance continued its streak of consistency in Q4FY26, with the non-banking financial company again delivering over 20% year-on-year growth in assets under management (AUM).
2 mins
May 01, 2026
Mint Kolkata
Subsidy sunset, road tax cast gloom over EV sales
The exit of subsidies and the entry of road taxes across key states threaten a double whammy for electric vehicle (EV) manufacturers, at a time when global energy shocks prompt many buyers to seek cleaner vehicles.
3 mins
May 01, 2026
Mint Kolkata
Big Tech strikes gold with AI, but at a steep cost
While Microsoft, Alphabet, Meta and Amazon ride AI to strong earnings, some investors are still worried about spending.
4 mins
May 01, 2026
Listen
Translate
Change font size