Global crude oil demand will rebound to pre-pandemic levels and exceed them, clocking in at 100.6 million barrels daily by the end of next year, the International Energy Agency said Continue Reading
In its latest Monthly Oil Report, the IEA called on OPEC+ to increase production in order to counter higher demand in 2022. The agency claimed that, based on current global Continue Reading
Oil prices climbed on Friday as the IEA boosted optimism about global oil demand recovery. Friday, June 11th, 2021 Oil prices showed modest gains on Friday, after a selloff on Continue Reading
Trims H2 21 ‘call’ on OPEC but warns of supply-demand ‘chasm’ Non-OPEC+ oil output to rise 1.6 million b/d in 2022 Home-working, vehicle efficiency, EVs to impact gasoline Global oil Continue Reading
Oil demand is expected to exceed pre-coronavirus levels by the end of 2022, the International Energy Agency said on Friday. Consumption declined by a record 8.6m barrels a day last year Continue Reading
Highlights IEA report lacks differentiated approach between developed and developing countries Rapid phasing out of fossil fuels could destabilize energy supply, power grids Changing consumer habits, market mechanisms key to Continue Reading
Investment in energy is on track to recover by nearly 10% in 2021 as the world emerges from the COVID-19 pandemic, the International Energy Agency (IEA) said on Wednesday, but Continue Reading
Global energy investment this year is seen expanding by 10 percent from 2020 to $1.9 trillion, the International Energy Agency said in its World Energy Investment 2021 report. Energy demand Continue Reading
Upstream spending to remain 26% below 2019 levels IOC’s upstream pullback gives more space to NOCs More clean energy spending needed to hit climate goals Upstream oil and gas investment Continue Reading
Oil demand is recovering faster than previously expected, and unless OPEC+ puts additional barrels on the market on top of the plans to restore 2 million barrels per day (bpd) Continue Reading
