Bearish Sentiment Will Dominate Oil Markets Through 2020
We are less than two months into the new decade and we’ve already seen multiple major oil market events. The first was the killing of Qasim Soleimani , the commander Continue Reading
IEA working on global roadmap to cut emissions by 2030
The Paris-based International Energy Agency is working on a global roadmap to bring about rapid cuts to greenhouse gas emissions by 2030, for release this summer, its executive director Fatih Continue Reading
Global Oil Demand Growth Is Evaporating
The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic and an international level, reducing demand for oil, which has Continue Reading
A Third Of Fossil Fuel Assets May Soon Be Stranded
Fossil fuel companies hold vast oil, gas and coal riches that they frequently tout to the investing universe to help elevate their market values. However, not a single energy company Continue Reading
IEA slashes 2020 oil demand forecast by 480,000 b/d on coronavirus impact
The International Energy Agency Thursday slashed its oil demand forecast for 2020 by almost 500,000 b/d and said demand will contract for the first time in a decade during the Continue Reading
The Paris Agreement set an unrealistic target for global warming. Now what?
It’s been a rallying cry for activists and a key talking point for diplomats. For decades now, 2 degrees Celsius (3.6 degrees Fahrenheit) of global warming has been viewed as Continue Reading
OPEC Sees Oil Demand Grow By 990,000 Bpd In 2020
OPEC slashed on Wednesday its global oil demand growth forecast for 2020, expecting the coronavirus outbreak to weigh heavily on fuel demand in the world’s oil demand growth driver, China. Continue Reading
UN Votes To Extend Libya Oil Sanctions Amid Ceasefire Quagmire
The United Nations Security Council voted to extend sanctions on illicit oil exports from Libya ahead of a vote on a draft resolution seeking to help resolve the situation in Continue Reading
Coronavirus fear disrupts staff rotation at major Iraqi oilfields
When senior officials at many Chinese oil and services companies working in Iraq departed in January, it was a routine rotation timed with the Chinese New Year holiday – until Continue Reading
Russia deliberates on OPEC+ cuts as Novak meets with companies, Kazakh minister
Russia’s energy minister Alexander Novak held a series of meetings Wednesday, first with his new Kazakh counterpart and later with Russian oil producers, as the country moves towards a decision Continue Reading