EC wants EU to cut CO2 emissions ‘at least 55%’ by 2030, use more hydrogen
The European Commission wants the EU to cut its CO2 emissions by at least 55% on 1990 levels by 2030, up from the current 40%, in a move set to Continue Reading
Crude prices rangebound in Asia trade after OPEC lowers demand forecast
Crude oil futures were rangebound during mid-morning trade in Asia Sept. 15 after OPEC lowered its oil demand forecast in a monthly report. At 11 am Singapore time (0300 GMT), Continue Reading
Oil Prices Finish Lower
Oil markets were paralyzed on Monday by uncertainty over exactly when global fuel demand will rebound from a pandemic-driven collapse. Some of the world’s largest oil suppliers are painting a Continue Reading
Citi Bank Sees $60 Oil In 2021
Oil prices are set to rise to $60 a barrel by the end of next year as the oversupply will have been drawn down by then, according to Citigroup, which Continue Reading
IEA says oil demand recovery set to slow for rest of 2020
The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic recovery from the pandemic. FILE PHOTO: An employee holds a Continue Reading
IEA downgrades 2020 oil outlook amid ‘fragile’ rebalancing
Renewed oil demand weakness led by China and India along with concerns over the persistent challenges of the coronavirus pandemic has raised further questions over the oil market’s “fragile rebalancing,” Continue Reading
IEA Says Oil Market More Fragile as Resurgent Virus Hurts Demand
The outlook for global oil markets has grown “even more fragile” as a resurgent pandemic derails the recovery in demand, the International Energy Agency said. The IEA, which advises major economies, Continue Reading
Second Wave Of COVID Could Crush Road Fuel Recovery
A resurgence of coronavirus cases in many part s of the world over the next few months will be the main hurdle to global demand for gasoline and diesel recovering Continue Reading
Renewable Energy Continues To Eat Away At Fossil Fuel Dominance
Renewables are set to be the fastest-growing source of energy in the coming decades, giving fossil fuels such as coal and oil a run for their money in many parts Continue Reading
Oil Market Sentiment Shifts As Supply Concerns Mount
Oil markets are spiraling downwards as bearish factors mount and sentiment shifts. One of these factors is the concerns over rising exports from OPEC+ in Q3, with the possibility of Continue Reading