OPEC Trims 2023 Oil Demand Forecast

15 Sep 2023 CW Team

The Organisation of the Petroleum Exporting Countries (OPEC) has revised down its 2023 oil demand forecast, reducing it by 1 lakh barrels per day (bpd) to 29 million bpd. This adjustment comes as a result of Saudi Arabia's decision to cut its oil production, causing a 3 million bpd shortfall in global oil supply. The move by OPEC underscores the influential role Saudi Arabia plays in the oil market.

This decision by OPEC reflects concerns about global oil market dynamics, including the ongoing impact of the COVID-19 pandemic, geopolitical tensions, and changing patterns of energy consumption. With the world still grappling with uncertainties, OPEC is taking a cautious approach to ensure stability in oil prices and supply.

Key factors influencing this revision include the delicate balance between supply and demand and the potential for unexpected disruptions in oil production. OPEC's decision is expected to have a ripple effect on global oil markets and could impact prices at the pump for consumers worldwide. Observers will closely monitor how this adjustment affects the energy landscape in the coming months.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..