The International Energy Agency said today that it expects global demand for oil to contract by 420,000 barrels a day this year, compared with its previous forecast of an 80,000-barrel-a-day decline.

More than 1.2 million people have been forced to flee their homes amid bombings, evacuation orders and demolitions Middle East crisis – live updates Israel’s destruction in southern Lebanon happened ...

DEMAND DESTRUCTION \dɪˈmænd dɪˈstrʌkʃən\ n : The process by which persistent high prices or limited supply cause a permanent or sustained decline in the willingness or ability to purchase a good or ...

Massive supply shock is already cutting demand, with up to 13 million bpd of supply disrupted and early demand destruction visible in Asia. Long-term demand shifts are possible, as high prices push ...

The change is expected to influence supply chains and inventory strategies both within Europe and globally. / Credit: Masarik via Shutterstock The European Union will ban the destruction of unsold ...

The European Union will ban the destruction of unsold clothes and shoes from 19 July 2026, marking a major shift in how retailers and brands manage excess stock. The new rules form part of the ...

JOB DESTRUCTION IN THE SOUTH AFRICAN CLOTHING INDUSTRY: How an alliance of organised labour, the state and some firms, is undermining labour-intensive growth Today, five small Chinese firms in ...

The International Energy Agency now projects that global oil supply will fall by 1.5M barrels per day in 2026, a dramatic reversal from its previous forecast of a 1.1M barrel rise, according to an ...

Demand destruction is the economic term of the day, per the new oil market report from the International Energy Agency. According to that report, amidst the inflationary pressures of the conflict in ...

The Guardian’s picture editors select photographs from around the world The Stations of the Cross of the Holy Burial during the Good Friday celebration in Havana. Cuba is observing Holy Week amid the ...