IEA Lowers Global Oil Demand Growth Forecast

17 May 2024 CW Team

The International Energy Agency (IEA) has revised down its forecast for global oil demand growth in 2024, signalling a shift in the trajectory of the global oil market. This adjustment, influenced by evolving economic conditions, geopolitical factors, and changing consumer behaviours, underscores the complexities and uncertainties surrounding the energy landscape. The IEA's updated projection is anticipated to have significant implications for oil-producing nations, energy companies, and policymakers worldwide, shaping investment decisions, supply strategies, and energy transition initiatives. Amidst growing concerns over climate change and sustainability, the downward revision highlights the pressing need for diversified energy strategies and accelerated efforts towards decarbonisation. As stakeholders across the energy sector recalibrate their expectations and strategies in response to the IEA's latest forecast, the global oil market enters a period of heightened volatility and strategic recalibration, with implications for both short-term market dynamics and long-term energy transition trajectories.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..