Tag: Demand
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Demand for Airbus’ Planes Decreased in 2020
Paris, Jan 8 (AFP/APP): European planemaker Airbus said Friday that it garnered just 268 net new orders last year, a drop of 65 percent year-on-year reflecting persistent fears about the prospects for air travel amid the coronavirus crisis. The new orders take into account 115 cancellations as airlines scaled back their ambitions because of uncertainty…
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OPEC forecasts weaker oil demand in 2020-21
Paris, Nov 11 (AFP/APP):OPEC has revised down its forecasts for global crude oil demand this year and next due to the economic disruption caused by the coronavirus pandemic, its monthly report said Wednesday. In its latest estimates, OPEC expects global demand for crude oil to decline by 9.8 million barrels per day (bpd) in 2020,…
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Demand for ‘Back To School’ Essentials Surges
The demand for ‘back to school’ essentials has surged after the reopening of educational institutions.