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
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
The International Energy Agency (IEA) joined the chorus of analysts saying that the pace of global oil demand recovery has stalled in recent weeks on the back of weak refining Continue Reading
The International Energy Agency expects crude oil demand this year to be 8.1 million bpd lower than it was in 2019, a downward demand forecast revision of 140,000 bpd, the 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
Global oil demand is set to crash by 7.9 million barrels per day (bpd) this year, the International Energy Agency (IEA) said on Friday, but this forecast is slightly more Continue Reading
The resurgence of coronavirus cases in several parts of the world is “casting a shadow” over the oil market’s nascent recovery, the International Energy Agency has warned. “In some countries, [the] Continue Reading
The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday but warned that the spread of COVID-19 posed a risk to the outlook. The Paris-based IEA Continue Reading
