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Showing 11 - 20 of 43 results for "International Energy Agency"

Chief economist update: Second wave threatens an oil spill

BENJAMIN ONG  |  FRIDAY, 14 AUG 2020
... the price of oil. But don't take my word for it. In its August 'Oil Market Report', the International Energy Agency (IEA) downgraded its 2020 oil demand forecast by 8.1 million barrels per day (mpd) and revising lower its 2020 prediction ...

Chief economist update: Easing restrictions narrow oil demand-supply equation

BENJAMIN ONG  |  MONDAY, 18 MAY 2020
It's only been just about a month since oil producers were practically paying buyers to come and take their stocks off them. This was on April 20, one day before the WTI oil futures contracts for May delivery dropped to minus US$36.98 per barrel. ...

Calls for super funds, government to collaborate on energy security

KANIKA SOOD  |  THURSDAY, 23 APR 2020
... Statistics. It has long been under the requirement to hold 90-days of its net oil import mandated by International Energy Agency rules. Former deputy chair of Australia's Air Force John Blackburn, who now works as a consultant, called for the government ...

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 ...