IEA: Oil Demand To Fall For First Time In A Decade

The IEA slashed its demand forecast for the first quarter of 2020, predicting that global oil consumption will contract for the first time in over a decade. In its first publication on the oil market since the outbreak began, the International Energy Agency (IEA) dramatically revised its oil demand forecast, predicting consumption will actually contract by 435,000 bpd, the first ...

Source: Oilprice.com

Real Energy Independence Is An Illusion

Ultimately, energy independence is an illusion in the era of globalization because the hyper connectedness of the market makes it impossible. Still, it’s a never-ending battle cry that ends up being an argument of semantics, the outcome of which depends on how you define “independence”.    America's ongoing oil and shale boom has reignited the debate about something that the ...

Source: Oilprice.com

Is This The Tipping Point For Coal Production?

After a Jekyll and Hyde year in 2019, and a decade characterised by China’s disruption of the met coal trade, participants can be forgiven for being sick of change. But research firm Wood Mackenzie believes a shift toward consistency and stability is probably too much to ask for in 2020 as China continues to play powerbroker over the seaborne market ...

Source: Oilprice.com