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    Wed, 17th Mar 2021 12:00:00
    Talk of $100-a-barrel oil ‘supercycle’ is misplaced, warns IEA
    Oil demand is likely to return to pre-pandemic levels by 2023 and will keep rising until at least 2026 unless the world takes more radical action on climate change, the International Energy Agency has said. But talk of a new oil “supercycle” with sustained high prices is misplaced as the market has ample spare supply capacity to meet resurgent demand, the agency forecast. Global oil demand fell by 9 million barrels per day, or almost a tenth, last year as the pandemic led to restrictions on travel for billions of people worldwide. Brent crude, the global benchmark oil price, tumbled to less than $20 a barrel in April.
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    #Energy Storage
    #Oil
     
         



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    LATEST NEWS
    Wed, 10th May 2023
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    Tue, 9th May 2023
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    Mon, 8th May 2023
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    Sun, 7th May 2023
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    		Canadian province of Alberta declares wildfire emergency
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    Fri, 5th May 2023
    		Filipino activists appeal to British banks over region devastated by oil spill
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    Thu, 4th May 2023
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    		Pro-Putin businessman emerges as pick to chair Italy’s biggest energy firm
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    Wed, 3rd May 2023
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    		Snowy Hydro 2.0 project hit by delay of up to two years and another cost blowout
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    		Australia warned of ‘over-mining’ risk in race to secure minerals needed for clean energy
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    Tue, 2nd May 2023
    		Climate change: life in ocean ‘twilight zone' at risk from warming
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    Energy News
    How bankruptcy helps the coal industry avoid environmental liability
    Wed, 10th May 2023 18:04:00
    German lawmakers mull creating first citizen assembly
    Wed, 10th May 2023 17:00:00
    Yousaf: Just transition away from oil and gas is a moral imperative
    Wed, 10th May 2023 14:15:00


    How bankruptcy helps the coal industry avoid environmental liability
    Wed, 10th May 2023 18:04:00
    German lawmakers mull creating first citizen assembly
    Wed, 10th May 2023 17:00:00
    Yousaf: Just transition away from oil and gas is a moral imperative
    Wed, 10th May 2023 14:15:00


     
             
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