World oil demand to hit record high this year - IEA

Global oil demand will hit a record high this year, the International Energy Agency (IEA) said on Tuesday, revising up consumption estimates as the world economy recovers from recession.

The Paris-based adviser to industrialised economies raised its forecast for world oil demand growth this year to 1,67-million barrels per day (bpd), up 100 000 bpd.

The agency said in its monthly Oil Market Report that world oil demand would reach an average of 86,60-million bpd this year, up from 84,93-million in 2009.

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Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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