Tag Archives: International Energy Agency (IEA)

The abundance of low-cost natural gas has resulted in gas-fired generation overtaking coal-fired generation in the power sector.

OPEC’s own researchers forecast a demand slump ahead.

Oil demand growth will be ``significantly higher`` helped by a comparatively low base in the second half of 2018.

Australia’s last project of the first wave of LNG capacity construction. Shell’s Prelude. started shipping gas in June this year.

The outlook for oil demand growth is ".fragile.". with a greater likelihood of a downward revision than an upward one.

Despite a further cut in oil demand growth by the IEA. oil prices are trading marginally higher.

The IEA said tensions in the Persian Gulf. where some oil tankers have been attacked. have heightened concerns.

The trade war is worsening a downturn in global growth.

OPEC and its allies have agreed to cut production by 1.2 million b d through to the end of the first quarter of 2020.

The expert expects the Persian Gulf tensions to persist within a year and a half.