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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.
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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.
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.
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.
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.
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