Oil prices to surge as markets poised to tip into deficit soon: IEA
Global oil demand is set to rise by 2.2 million barrels per day (bpd) this year to a record 102 million bpd, on the back of a vibrant Chinese recovery at a pace exceeding expectations, the International Energy Agency (IEA) has said.
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The International Energy Agency has projected that world oil demand would grow by two million barrels per day this year, and warned surprise output cuts from the Opec+ producer group risk exacerbating an anticipated supply deficit and could thwart an economic recovery.
Flexibility in logistics: The key to navigating the industry’s shifting terrain
iMile Delivery Service’s CEO, Rita Huang, highlights the importance of operational flexibility in modern logistics and how businesses can stay ahead of the curve and meet evolving customer and market demands.