RDIF Says Oil Demand May Rise

Wednesday, November 20, 2019

Global oil demand may rise as global trade wars subside, Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF), told reporters on Wednesday when asked what to expect from a meeting of OPEC and non-OPEC oil producers set for December.

"Of course, the committee will look at demand in the oil markets. But we see that the situation with demand may improve as the United States reduces pressure on China in trade wars," Dmitriev said.


(Reporting by Vladimir Soldatkin; writing by Polina Devitt; editing by Jason Neely)

Categories: Oil

Related Stories

Petronas Turns to AI to Accelerate Upstream Investment

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

Technip Energies Nets Engineering Services Job for ADNOC Offshore

McDermott Gets ADNOC’s ‘Mega Contract’ to Advance Umm Shaif Field

Iran Tightens Enforcement of Strait of Hormuz Transit Rules

ONGC Nears Venezuela Operatorship Deals, Regains Russia’s Sakhalin-1 Stake

Fugro Secures India Deepwater Drilling ROV Contract

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

Current News

ABS Backs Hanwha Ocean’s Standardized FPSO Design

Larsen & Toubro Adds Major ONGC Offshore Project to Orderbook

Energean’s Profit Rises as Israeli Gas Operations Recover

Saipem Bags Commissioning Contract for Türkiye-Bound FPU

Oil Jumps as Houthi Strikes Disrupt Saudi Energy Operations

Petronas Turns to AI to Accelerate Upstream Investment

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

Iran Outlines Terms for Restoring Hormuz Shipping

Technip Energies Nets Engineering Services Job for ADNOC Offshore

Seatrium Nears Dual FPSO Sailaway for Petrobras' Búzios Field

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com