Europe’s truck manufacturers have concluded that by 2040 all new trucks sold need to be fossil free in order to reach carbon-neutrality by 2050. It will be possible to meet Continue Reading
The International Energy Agency modestly cuts its oil demand estimates for 2020 and 2021 despite a recent rally in crude futures, as the looming uncertainty over the efficacy, availability, and Continue Reading
Oil traded near a nine-month high as the IEA cautioned that a market glut will last another year. Futures had earlier fallen on concerns that more pandemic lockdowns could slow a Continue Reading
Oil inched up as the market weighed the risks of toughening restrictions in New York and London ahead of a widely available vaccine. Futures closed at a fresh nine-month high after Continue Reading
Oil prices were little changed in choppy trade on Monday as persistent oversupply in the market largely offset hopes that a rollout of coronavirus vaccines will lift global fuel demand. Continue Reading
Oil demand will rebound more slowly than initially anticipated in 2021 as the aviation sector takes longer to recover from the coronavirus hit, the International Energy Agency said on Tuesday. Global Continue Reading
We forecast that oil demand will fall by 8.8 mb/d y-o-y in 2020, a modest 50 kb/d downward revision from our previous Report. Our 2021 demand forecast was revised down Continue Reading
OPEC’s analysts on Dec. 14 painted a much gloomier view of the oil market in 2021 -– and yet indicated that the bloc and its allies can afford to be Continue Reading
OPEC has lowered its oil demand forecast for 2020 again, according to the latest version of the Monthly Oil Market Report released on Monday. OPEC now expects global oil demand Continue Reading
OPEC cut forecasts for oil demand again as the group and its allies prepare to weigh up whether they can continue gradually restoring halted supplies. The Organization of Petroleum Exporting Continue Reading
