By Jimmy Troderman This article was published by the US Energy Information Administration on Jan. 4, 2022. Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy [Read more]
The pace and extent of the changes for oil product demand forecast in the International Energy Agency’s New Policies Scenario pose a significant test to refiners. Phillips 66 photo. Oil product demand for “top of [Read more] [Read more]
To avoid an oil supply shock in the coming years, the International Energy Agency says in its World Energy Outlook 2018 that there is a need to develop new upstream oil investments. Getty Images photo. [Read more]
In its monthly report, the US Energy Information Administration says US crude output is expected to average 12.06 million barrels per day (b/d) by mid-2019. Anadarko photo. US crude output expected to average 12.06 million [Read more]
The Trump administration is temporarily granting eight countries permission to purchase oil from Iran. The Iran sanctions exemptions for China, India, South Korea, Japan, Italy, Greece, Taiwan and Turkey are set to last up to [Read more]
As oil supply and demand increase, the International Energy Agency says “our position is that expensive energy is back, with oil, gas and coal trading at multi-year highs, and it poses a threat to economic [Read more]
According to a major study conducted by the International Energy Agency, petrochemicals are set to account for over one-third of the growth in world oil demand by 2030. Petrochemicals “key blindspot” in global energy debate: [Read more]
Price moves tend to accelerate in the run-up to cyclical peaks and troughs, as the oil market struggles to overcome a worsening deficit or surplus. Total photo. In 2007, concerns about the oil market were [Read more]
With oil prices up 70 per cent over the last 12 months, higher prices are set to moderate OECD consumption and thereby global demand growth in 2018/19. Chevron photo. Consumption has risen by an average [Read more]
Some Chinese refineries will shut down in May and June for annual maintenance, which will cut China’s throughput by about 10 per cent and reduce global crude demand. At least six Chinese refineries are planning [Read more]
John Kemp argues that if OPEC maintains its current output curbs through December, the market is set to become exceptionally tight, which will push prices and spreads towards unstable levels. Anadarko photo. By John Kemp [Read more]
Strong demand growth for oil expected through 2020, as refiners enjoy extended “mini” golden age Short-term oil demand is still growing strong and will continue to do so through the end of 2020; a trend [Read more]
The International Energy Agency says OPEC and non-OPEC countries participating in the cartel’s supply cut agreement have reached their goals of cutting global crude stocks to desired levels. Bloomberg photo by Daniel Acker. OPEC goal [Read more]
@2020 Energi Media Ltd., | Covering Energy’s Tommorrow
