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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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