Continued low demand for jet fuel will account for 80 percent of next year’s 3.1-million-bpd gap in oil demand compared to pre-pandemic levels, the International Energy Agency (IEA) said on 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 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
Energy efficiency is expected to record this year its weakest progress in a decade, creating additional challenges to the world achieving international climate goals, the International Energy Agency (IEA) said Continue Reading
The International Energy Agency has trimmed its oil demand estimate for 2020 on the resurgence of coronavirus in Europe and the US and said it does not expect a “significant Continue Reading
Global oil demand is unlikely to get a significant boost from the roll-out of vaccines against COVID-19 until well into 2021, the International Energy Agency (IEA) said on Thursday, a Continue Reading
Weak historical data and the resurgence of Covid-19 in Europe and the United States led us to revise down our near-term global demand outlook by 0.4 mb/d in 3Q20, 1.2 Continue Reading
Renewable power generation capacity will increase by 7 percent this year despite a 5-percent forecast decline in global energy demand, the International Energy Agency said in its Renewables 2020 report. Continue Reading
The renewed lockdowns in major European economies are set to weigh on the oil demand outlook, Keisuke Sadamori, Director of the Office for Energy Markets and Security at the International Continue Reading
