With support from Sheikha Fatima, UAE to restore Umayyad Mosque in Damascus
Mother of the Nation Endowment for Orphans’ initiative raises AED3.3bn during Ramadan; launches AED1 bn ‘Mother of the Nation City’ project
UAE sends 30 tonnes of food aid to support drought-affected communities in Kenya
UAE provides urgent relief to support flood-affected communities in Mozambique
IEA Predicts Global Oil Market Surplus in 2025London, 13 Mar (ONA) — The International Energy Agency (IEA) said
in a monthly oil market report today that the global oil supply
could exceed demand by around 600,000 barrels per day this year (2025),
after a downward revision to its 2025 demand growth forecast.
The IEA lowered its 2025 oil demand growth forecast by 70,000
barrels per day to about 1 million barrels per day, with Asia,
particularly the Chinese petrochemical industry, contributing
significantly to this growth.— Ends/Khalid
