The International Energy Agency cut forecasts for global oil demand as air travel suffers from the coronavirus crisis even more than previously expected. The IEA reduced estimates for almost every quarter Continue Reading
The International Energy Agency has revised down its forecasts for oil consumption this year and next as a recovery in global demand slows. The Paris-based agency said global oil demand would Continue Reading
Global refinery crude intake is recovering but it lags behind the demand increase due to high inventories, the International Energy Agency said Aug. 13. In the second quarter, global refining Continue Reading
The International Energy Agency on Aug. 13 lowered its estimates for world oil demand this year and next, along with its estimate of the “call” on OPEC crude oil, due Continue Reading
The intensive-care units at the Salvador Zubirán hospital in Mexico City have been operating at full capacity for three straight months—their beds filled with unconscious Covid-19 patients, positioned face down Continue Reading
The basic facts about climate change have been clear for many decades: Burning fossil fuels produces carbon dioxide, which alters the chemical composition of the atmosphere and causes it to trap Continue Reading
No matter how you slice it, it’s clear that we are heading into a new and unprecedented era for energy. The novel coronavirus has shaken up the global energy sector Continue Reading
This city roars in the summertime. You hear the generators on every street, shaking and shuddering to keep electric fans whirring as the air seems to shimmer in the heat. Iraq Continue Reading
Saudi Arabia’s oil giant Aramco is considering additional cuts to its capital expenditure (capex) in order to be able to pay its massive dividends, the Financial Times reported on Wednesday, Continue Reading
Saudis staying home for vacation because of the COVID-19 pandemic are helping to boost demand for gasoline in Fujairah, where motor fuel exports jumped to a two-year high in July, Continue Reading
