The oil market has experienced a “cooling down” this summer as global supply disruptions have eased at a time when demand has also slowed a bit, according to a new report from the International Energy Agency (IEA). But that pause may only be temporary, with the road getting much rockier towards the end of this year. It may not feel like things have “cooled down” this summer, as the IEA put it. Record high temperatures have spread across the globe, California is in the midst of its worst ever wildfire, wheat and corn harvests are withering in various parts of the globe, among other climate-related calamities. The energy sector has not been spared. Nuclear power plants in Europe have had to shut down because river levels are too low to cool the plants, and heat waves on several continents have crashed the electricity grids. 2018 is expected to be […]