Articles by tag: IEA
(Bloomberg) This is no time for the world’s oil producers to start adding supplies to the global market if they want to drain a glut that built up because of Covid-19. That’s the conclusion that comes out of the latest monthly forecasts published by the world’s three major oil agencies — the International Energy Agency, the […]
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Energy
Oil Demand is Down, But Will it Ever Come Back?
It comes as no surprise that oil demand is down in the age of COVID. Crude producers are cutting supply in response to lackluster demand. Though the details of a promising vaccine have boosted oil market growth for the time being, The International Energy Agency (IEA) does not forecast that a vaccine will significantly […]
Business Casual
Energy Demand During the Pandemic is at a New Low
Due to the COVID-19 pandemic, energy demand across the globe is hitting new lows. According to a new International Energy Agency report, energy demand is projected to drop by 6 percent in 2020, which is the most significant dip in recorded human history. On this Business Casual segment, hosts Daniel Litwin, Tyler Kern and […]