Global Oil Demand to Grow By 1Mln Bpd Annually – Russian Deputy Prime Minister

NAMPA / Sputnik

2026-02-27

MOSCOW, February 27 (RIA Novosti) - Global oil demand will continue to grow annually by about 1 million barrels per day, Russian Deputy Prime Minister Alexander Novak said on Friday. "On average, oil consumption will grow by approximately 1 million barrels per day, maintain a consumption growth rate of about 1%," he said during a presentation at the Sirius education center near Sochi. Oil production can exceed consumption for now, but demand for......

Restricted content

Latest NAMPA photos

Windhoek, 26 February - Commissioner of the Namibia Revenue Agency, Sam Shivute at the tabling of the 2026/27 Appropriation Bill. (Photo by Eba Kandovazu). NAMPA

NAMPA

Windhoek, 26 February- Prime Minister Elijah Ngurare at the tabling of the 2026/27 Appropriation Bill. (Photo by Eba Kandovazu). NAMPA

NAMPA

Windhoek, 26 February- Minister of Education, Innovation, Sports, Arts and Culture, Sanet Steenkamp. (Photo by Eba Kandovazu). NAMPA

NAMPA

Windhoek, 26 February- President of the Popular Democratic Movement, McHenry Venaani. (Photo by Eba Kandovazu). NAMPA

NAMPA

Windhoek, 26 February- Minister of Information, Communication and Technology. (Photo by Eba Kandovazu). NAMPA

NAMPA

Windhoek, 26 February- Minister of Information, Communication and Technology, Emma Theofelus. (Photo by Eba Kandovazu). NAMPA

NAMPA

Windhoek, 26 February- Minister of Finance, Ericah Shafuda at the tabling of the 2026/27 Appropriation Bill. (Photo by Eba Kandovazu). NAMPA

NAMPA

Windhoek, 26 February- Minister of Finance, Ericah Shafudaat the tabling of the 2026/27 Appropriation Bill. (Photo by Eba Kandovazu). NAMPA

NAMPA