Consumers around the world will feel the pinch of higher energy prices as demand outpaces supply, increasing the cost of travel, heating and food, S&P Global Platts analysts said. “We are going to see it feeding into all the commodities,” said Chris Midgley, global head of analytics, S&P Global Platts, noting that supply is working .
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© Provided by Xinhua Goldman Sachs trimmed the forecast of U.S. GDP growth in 2021 to 5.6 percent from 5.7 percent citing slower consumers spending in
Investment bank Goldman Sachs Group has recently cut its forecast for US GDP growth in 2021 and 2022 while industry experts have warned of risks posed by inflation.
India is unlikely to see its oil products demand hitting the ceiling at least until 2035, although the energy transition process will create opportunities for the electric vehicle charging space and biofuels in coming years, said the CEO of the country’s second-largest private refiner Nayara Energy. “I don’t see the plateauing of fuels demand in .