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IEA: Coronavirus Will Trigger Biggest Ever Plunge in Energy Demand, Emissions

2020-04-30 15:20:12| OGI

Economic lockdowns brought on by the coronavirus pandemic look set to cut global energy demand and carbon dioxide emissions by record amounts, the International Energy Agency (IEA) said on April 30.

Tags: energy demand biggest trigger

 

IEA Warns Oil Market Falls Too Big to Offset with Output Cuts

2020-04-15 15:11:54| OGI

The IEA forecast a 9.3 MMbbl/d drop in demand for 2020 despite what it called a solid start by producers following a record deal to curb supply in response to the coronavirus pandemic.

Tags: big market oil output

 
 

IEA: Deep Oil Output Cuts Wont Offset Unprecedented Demand Loss

2020-04-06 11:10:00| OGI

Even with output cuts of 10 million bbl/d, the equivalent of 10% of global supply, oil inventories would still rise by 15 million bbl/d in the second quarter, IEAs Fatih Birol says.

Tags: loss deep oil output

 

IEA: Global Oil Demand Could Drop 20% as 3 Billion People in Lockdown

2020-03-26 22:00:00| OGI

IEA's Fatih Birol said that, despite huge demand destruction, oil supply was nevertheless set to rise by another 3 million bbl/d as part of Saudi Arabia's market share battle with Russia.

Tags: in people global oil

 

IEA, OPEC: Developing Nations May Lose Up To 85% Of Oil, Gas Income This Year

2020-03-17 14:18:29| OGI

This is likely to have major social and economic consequences, notably for public sector spending in vital areas like healthcare and education, the statement from IEA director Fatih Birol and OPEC secretary-general Mohammad Barkindo said.

Tags: this year income gas

 

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