IEA warns oil demand recovery at risk from virus resurgence although OPEC+ remains optimistic on prices

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The International Energy Agency (IEA) bolstered its outlook for global oil demand, but warned that the recovery could be derailed by the resurgence of coronavirus. A collapse in fuel consumption during the second quarter was slightly less severe than previously estimated, and demand should rebound sharply over the next three months as economic activity resumes, […]

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Global oil demand may hit 100 million bpd in 2021 if economic recovery sustains: S&P Platts

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Platts Analytics sees continued growth in long-term petrochemicals and peak oil demand in 2021. Indeed, many plastics have sustained net positive growth even during the downturn over the past few months. The International Energy Agency is also skeptical of those writing the obituary for oil demand growth. “If oil demand goes back to 100 million b/d I […]

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The Covid-19 crisis is hurting but not halting global growth in renewable power capacity, says IEA

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The world is set to build fewer wind turbines, solar plants and other installations that produce renewable electricity this year because of the impact of the Covid-19 crisis, marking the first annual decline in new additions in 20 years, according to the International Energy Agency. But their growth is expected to resume next year as […]

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Key findings of IEA’s global energy review

The Covid-19 pandemic represents the biggest shock to the global energy system Since World War II, with the drop in demand this year set to dwarf the impact of the 2008 financial crisis and result in a record annual decline in carbon emissions of almost 8%. Here are key findings of the report released by […]

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