Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
US may reduce oil production because of sluggish demand: S&P
The Business Guardian
|May 15, 2025
The United States may reduce its oil production, which could lead to an annual decline in output in 2026 due to the sluggish demand and falling crude prices, according to a new analysis by S&P Global Commodity Insights.
The report further added that slowing global oil demand, extreme uncertainty about the future of US trade and a coming supply surplus are expected to hobble US oil production growth.
The S&P Global Commodity Insights Global Crude Oil Markets Short-term Outlook adds that global oil (total liquids) demand is expected to average 750,000 barrels per day (b/d) in 2025, a downward revision of 500,000 b/d from the prior outlook.
This story is from the May 15, 2025 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
Shankar, Delhi Zoo’s lone African elephant, dies of cardiac failure
Shankar, the only African elephant at the National Zoological Park (NZP), has died of acute cardiac failure, according to preliminary postmortem findings.
1 min
September 22, 2025
The Business Guardian
Report: Global firms take 72% share in India's flex space market
Driven by global demand, India has emerged as one of the world’s most mature flexible office ecosystems, with international firms accounting for a staggering 72 per cent of flex space absorption in 2024, according to Cushman & Wakefield’s Global Trends in Flexible Office 2025 report.
1 mins
September 22, 2025
The Business Guardian
Noida airport to begin operations by year-end
The Noida International Airport (NIA), being developed as a greenfield aviation hub in Jewar, Gautam Buddh Nagar, is on track to begin operations by the end of this year.
1 min
September 22, 2025
The Business Guardian
GST reform: Relief at home, strength for industry, and resilience abroad
The 56th meeting of the Goods and Services Tax (GST) Council has produced one of the most significant reforms in India’s indirect taxation system since the GST was first rolled out in 2017. By simplifying the rate structure, rationalis-ing anomalies, and offering sweeping relief in critical sectors, the Council has sought to rebalance India's tax regime at a moment when global trade tensions are rising and domestic demand needs fresh momentum.
4 mins
September 22, 2025
The Business Guardian
Ramani Mylavarapu Opens Roots to Rivers with Powerful Performance on Water Pollution at Bikaner House
Hyderabad-based performance artist Ramani Mylavarapu opened her solo exhibition Roots to Rivers at Kalamkaar, Bikaner House, New Delhi, today.
1 min
September 22, 2025
The Business Guardian
Experts: Markets face volatility amid key global, domestic triggers
Market participants in the Indian stock market will be closely eying a host of key global and domestic developments in the coming week, which could drive short-term sentiment and sectoral movements, according to the market experts.
2 mins
September 22, 2025
The Business Guardian
HOW RUMOR MADE 1857 BURN
May 10, 1857— Merrut (a garrison town near Delhi). Some sepoys refuse the cartridges, are punished, and tempers explode. Barracks burn, prison gates open, and rebel troops ride through the night to Delhi.
8 mins
September 22, 2025
The Business Guardian
India’s forex reserves climb by $4.7 bn to hit $702.97 bn
India’s foreign exchange reserves rose by USD 4.698 billion in the week that ended September 12 to USD 702.966 billion, marking the third consecutive weekly increase, the Reserve Bank of India (RBI) said in its latest ‘Weekly Statistical Supplement.’
1 min
September 22, 2025
The Business Guardian
Piyush Goyal unveils guidebook on HSN code mapping
Piyush Goyal, Union Minister of Commerce and Industry, released the Guidebook on Mapping of Harmonized System of Nomenclature (HSN) Codes prepared by the Department for Promotion of Industry and Internal Trade (DPIIT) on Sunday during an event on \"Celebrating 10 Years of Make in India and Discussion on Next Gen-Reforms 2.0\" in New Delhi.
2 mins
September 22, 2025
The Business Guardian
BPCL'S MAK LUBRICANTS HONORS MECHANICS WITH NATIONWIDE RADIO CAMPAIGN
BPCLs MAK Lubricants launches nationwide radio campaign to honor India’s mechanic community.
2 mins
September 22, 2025
Listen
Translate
Change font size