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The sector continues to face the same issues: growing demand, reducing budgets and recruitment challenges.
It has slashed local energy demand, reducing chronic pollution and leaving more oil for export.
Destocking has given way to reduced underlying customer demand reducing the Group's ability to generate cash and pay down debt.
In some situations, however, renewables can help meet peak demand, reducing the need for grid upgrading or new power stations.
Should the market turn down again and stay down, it could help dampen consumer spending and overall demand, reducing inflation pressures.
Economic, demographic, technological, social, and environmental determinants reveal a decline in vehicle travel demand, reducing forecasts for U.S. oil consumption.
Similar(39)
The theory was that, under the laws of supply and demand, reduced supply would raise values.
Electricity is priced in an auction system, and reducing demand reduces the price.
Falling labour demand reduced dockworkers' bargaining power and cut the number of strikes.
The law to tackle demand reduces sex markets and therefore reduces the violence and harm so inherent to it.
Crude oil rose as stronger demand reduced inventories and refiners increased processing to make gasoline for the summer.
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