Deep oil output cuts won’t offset unprecedented demand loss: IEA
Deep output cuts by OPEC and other oil producing nations will not prevent a huge build up of crude, the head of the IEA said on Friday, urging the world’s Continue Reading
IEA: Oil Price Collapse Could Leave 50 Million Jobless
The historic oil price crash from last month could lead to as many as 50 million job losses globally in the oil refining and retail industry, Reuters quoted the head Continue Reading
IEA Calls For Emergency Clean Energy Aid Package
The coronavirus pandemic will almost certainly trigger a global economic recession , and the recession may have already started with major economies grinding to a standstill. The U.S. government has Continue Reading
IEA: Oil Demand To Drop For First Time Since 2009
Global oil demand is set to drop this year for the first time since the financial crisis in 2009, the International Energy Agency (IEA) said on Monday, as it slashed Continue Reading
Oil Market Report – March 2020
Covid-19 (coronavirus) has spread beyond China and our 2020 base case global oil demand forecast is cut by 1.1 mb/d. For the first time since 2009, demand is expected to Continue Reading
IEA: Coronavirus May Hit Oil Demand Growth More Than Expected
The coronavirus outbreak could hit global oil demand growth more than currently expected, the head of the International Energy Agency (IEA) said on Tuesday, adding that the agency could additionally Continue Reading
Oil prices under pressure due to coronavirus, excess oil supply: IEA’s Birol
Oil prices are under downward pressure and have been immune to geopolitical risk due to a market awash with crude and the impact of the coronavirus on demand, the International Continue Reading
IEA working on global roadmap to cut emissions by 2030
The Paris-based International Energy Agency is working on a global roadmap to bring about rapid cuts to greenhouse gas emissions by 2030, for release this summer, its executive director Fatih Continue Reading
IEA slashes 2020 oil demand forecast by 480,000 b/d on coronavirus impact
The International Energy Agency Thursday slashed its oil demand forecast for 2020 by almost 500,000 b/d and said demand will contract for the first time in a decade during the Continue Reading
How Reliable Are The Big 3 Oil Forecasters?
The oil market hinges and moves on forecasts. Whether it’s an oil demand growth forecast or a production forecast, no forecast is more closely watched and scrutinized than that provided Continue Reading