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OPEC Sees Steady Oil Demand Growth in First 2026 Outlook

Mint Bangalore

|

January 16, 2025

India and China will drive growth, consumption to surpass the pace of supplies

- Bloomberg

The Organization of Petroleum Exporting Countries (OPEC) forecast another year of steady oil demand growth, driven by India and China, in its first detailed assessment of 2026.

World oil consumption will increase by a "robust" 1.4 million barrels a day in 2026, equaling the pace expected for this year and surpassing the predicted growth in supplies, OPEC said in a monthly report on Wednesday.

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Dubai halts HDFC from adding new customers

HDFC Bank Ltd, the largest private sector lender, has been banned from onboarding new customers at its Dubai branch after a regulator flagged lapses in its processes. The bank was penalized by a Dubai regulator for offering financial services to local clients who were not onboarded at the Dubai International Financial Centre, the Mumbai-based lender said in an exchange filing late on Friday.

time to read

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time to read

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Walmart CEO issues wake-up call: ‘AI Is going to change literally every job’

Walmart executives aren’tsugarcoating the message: Artificial intelligence will wipe out some jobs and reshape its workforce.

time to read

4 mins

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time to read

2 mins

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Russia's exports to India falter, UAE rises as formidable competitor

India’s imports from Russia declined 5.54% to $26.46 billion in the first five months of the current financial year, bringing the country’s secondlargest supplier of goods close to being overtaken by third-placed United Arab Emirates (UAE), government data showed.

time to read

1 mins

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Mint Bangalore

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India's auto sector is displaying all the signs of a classic bull market. But there are risks

time to read

8 mins

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Govt warns Kerala on amoeba case surge

The central government has asked Kerala authorities to step up monitoring after the state reported a surge in cases of a rare brain-eating amoeba. Kerala health minister Veena George has said the state has recorded 80 cases and 21 deaths so far in 2025.

time to read

1 min

September 30, 2025

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