global oil market
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Economy
US, China and India Dominate Global Oil Consumption in 2025
DID Press: Global oil consumption reached 103 million barrels per day in 2025, marking a 1.3% increase from the previous year, with the United States, China, and India accounting for 41% of worldwide demand, according to new statistical reports. The…
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Economy
Iran’s Bab el-Mandeb Threat Exposes Fragile Global Oil Market
DID Press: A new report by CNBC warns that threats to close the strategic Bab el-Mandeb Strait have heightened concerns over the vulnerability of global energy markets, particularly as the route has become increasingly important for oil shipments following disruptions…
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Economy
Hormuz Crisis: Australia Turns to Emergency Fuel Imports from China
DID Press: Australia has begun sourcing emergency jet fuel from China amid escalating energy disruptions linked to the Middle East conflict and reported instability in the Strait of Hormuz. Prime Minister Anthony Albanese announced that the country has secured three…
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