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Showing 11 - 20 of 40 results for "International Energy Agency"

Oil tanks

BENJAMIN ONG  |  TUESDAY, 21 APR 2020
... of global supply - in May and June. Not enough to arrest the slide in oil prices. According to the International Energy Agency's April "Oil Market Report, "Global oil demand is expected to fall by a record 9.3 mb/d year-on-year in 2020. The impact of ...

Chief economist update: Coronavirus infects oil market

BENJAMIN ONG  |  TUESDAY, 4 FEB 2020
It appears that no one and nothing is immune from the spread of the coronavirus. It's now turned the bull market in crude oil into a bear. Crude oil prices sank by more than 10% (the technical definition of a bear market) - WTI oil down 15.6%; Brent ...

Chief economist update: The rise and fall of oil

BENJAMIN ONG  |  THURSDAY, 9 JAN 2020
... of probabilities points to continued oil price gains in 2020. In its latest Oil Market Report, the International Energy Agency (IEA) forecast "global oil demand forecasts unchanged at 1 mb/d in 2019 and 1.2 mb/d in 2020". The improving global economic ...

Chief economist update: Oil's well that ends 2019 well

BENJAMIN ONG  |  WEDNESDAY, 18 DEC 2019
... around 500 kb/d (kilo barrels per day) to 2.1 mb/d. However, in its latest Oil Market Report, the International Energy Agency (IEA) notes that: "If all the countries comply with their new allocations and Saudi Arabia delivers the rest of its voluntary ...

Chief economist update: Oil to slide into 2020

BENJAMIN ONG  |  THURSDAY, 24 OCT 2019
... first as they have promised". But even with deeper cuts and 100% compliance from all involved, the International Energy Agency (IEA) predicts increased supply in 2020 "when non-OPEC supply growth, led by the US, Brazil and Norway, accelerates from 1.8 ...

Chief economist update: Plenty of oil

BENJAMIN ONG  |  WEDNESDAY, 18 SEP 2019
... briefly overtaken Saudi Arabia as the world's top oil exporter earlier this year, according to the International Energy Agency (IEA). The US could release more oil into the market. POTUS tweeted so: "I have authorised the release of oil from the ...

Chief economist update: The bad oil

BENJAMIN ONG  |  FRIDAY, 12 APR 2019
... be tightened further in May) and the supply disruption caused by the tensions in Libya. But as the International Energy Agency (IEA) notes, "The oil market shows signs of tightening as we move into 2Q19, but we see mixed signals in terms of the outlook ...

Big banks, super funds join forces for sustainability

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAR 2019
... the subsequent broader impacts these will have." The announcement also comes in the same week the International Energy Agency released a report stating global carbon dioxide emissions rose to the highest levels on record in 2018.

Chief economist update: Crude oil to the rescue

BENJAMIN ONG  |  THURSDAY, 17 JAN 2019
... December last year, where they agreed to cut production by 1.2 million barrels per day. According to the International Energy Agency (IEA), this is because "the United States... is now the world's biggest crude oil producer" - surpassing Saudi Arabia ...

OPEC is not to blame

BENJAMIN ONG  |  TUESDAY, 25 SEP 2018
... threats of sanctions on countries importing Iranian oil). In its Oil Market Report for August, the International Energy Agency (IEA) did not attribute rising oil prices to OPEC: "Global supply in August reached a record 100 mb/d as higher output from ...