Taapsee and Boe's wedding ceremony in March was a blend of Sikh and Christian rituals
Energy Information Agency (EIA) says downward price pressures would increase if the economic slowdown proves deeper or longer than expected, and if higher prices lead to lower consumption and lower demand for Opec crude than currently anticipated.
There is also a risk that any weakness in oil prices could be minimal or short-lived, especially if consumption growth exceeds current expectations or if oil production capacity expansion plans in either Opec or non-Opec nations turn out to be lower than expected.
In addition, Opec production behaviour that would lead to voluntary production cuts aimed at keeping inventories fairly tight would also limit downward price pressure, it says.
Consumption: Data indicates that global consumption rose by roughly 500,000 barrels per day (bbl/d) during the first half of 2008 compared with year-earlier levels, as a 1.3-million bbl/d rise in consumption outside of the OECD was partially countered by an 800,000 bbl/d drop in U.S. consumption compared with year-earlier levels.
The decline in U.S. consumption reflects a slower economic growth and the impact of high prices, which was the largest half-year consumption decline in volume terms in the last 26 years.
Total world oil consumption is expected to grow by a little over 1 million bbl/d during the second half of 2008 and by almost 1 million bbl/d in 2009 compared with year-earlier levels.
The projection for 2009 consumption is about 460,000 bbl/d lower than last month’s assessment, reflecting lower expectations for consumption in the US other OECD bloc.
Taapsee and Boe's wedding ceremony in March was a blend of Sikh and Christian rituals
The actor is the son of renowned stunt director Sham Kaushal
Former Ryder Cup player employed a unique putting technique to edge David Toms for first victory in five years
The Bollywood megastar will not be portraying Farhan Akhtar's 'Don' in the franchise's next instalment
Air-dropped in March, the packs fed approximately 4,000 individuals
36 percent targeted the education sector, 29 percent affected aviation and 15 percent targeted healthcare
The bowling all-rounder has starred for KKR as an opening batsman, with 286 runs including a century in the current IPL.
A former amateur champion in the UK the Newcastle-native says his short game has improved since relocating to the UAE