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IEA Says Oil Producers May Struggle to Gauge Demand amid Second Wave

2020-10-14 14:56:43| OGI

OPEC+ producersOPEC members and others including Russiaplan to boost supply by 2 million barrels per day from January.

Tags: second oil demand wave

 

OPEC Again Cuts 2021 Oil Demand Forecast as Virus Cases Rise

2020-10-13 15:02:31| OGI

Demand will rise by 6.54 million barrels per day (MMbbl/d) next year to 96.84 MMbbl/d, OPEC said in a monthly report.

Tags: cases oil rise demand

 
 

Pandemic Could Delay Energy Demand Recovery to 2025, IEA Says

2020-10-13 11:15:00| OGI

Demand for oil is set to fall by 8% and coal use by 7% while renewables will see a slight rise, the IEA said in its annual World Energy Outlook.

Tags: says energy demand recovery

 

'Five Eyes' nations, India and Japan renew demand for backdoor access

2020-10-13 10:50:00| Telecompaper Headlines

(Telecompaper) The 'Five Eyes' international pact of nation states (US, UK, Canada, Australia and New Zealand) plus India and Japan have published a new letter calling on tech companies to give law enforcement agencies access to their encrypted products. The international statement warning of the dangers of encryption was signed by top justice officials at the 7 countries and warned that growing numbers of end-to-end encrypted apps "pose significant challenges to public safety." In 2018, the 'Five Eyes' countries issued a similar memo calling on companies to build backdoors into their encrypted products.

Tags: access japan eyes india

 

IEA Nudges Up 2020 Gas Demand Forecast, But Still Sees Record Fall

2020-10-12 15:51:59| OGI

Instead of a 4% reduction for the year, the agency now forecasts a 3% drop.

Tags: record fall gas demand

 

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