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Global Crude Oil Market Faces Renewed Uncertainty, Volatility – Report

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A report by the United States -US-based International Energy Agency (IEA) has warned of potential upheavals in the global crude oil market between this year and 2020. The report specifically hinted of a potential supply gap in the early 2020s. In its flagship publication, World Energy Outlook (WEO) 2018, which was released yesterday, IEA alerted […]

 

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Global Oil Market Moving Into Deficit – IEAThe International Energy Agency, IEA, says the global oil market could move into deficit sooner than expected, following Organisation of Petroleum Exporting Countries, OPEC, output agreement with Russia and Canada’s decision to cut supply. The Paris-based IEA also retained its 2019 forecast for global oil demand growth of 1.4 million barrels per day, unchanged from […]
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