The oil market is up overall, but diesel hasn’t soared despite Ukraine’s attacks on Russian refineries, key producers of the fuel.
The monthly International Energy Agency forecast clearly laid out the supply and demand issues that are driving oil prices higher.
A report from a key oil agency could be read as either bullish or bearish for the market.
Diesel prices have hit a new high. In a Bloomberg interview, one fuel station owner warned of rationing on the East Coast.
In 2020, five countries accounted for about 50% of the world’s total crude oil production
As economies of scale make hydrogen production more affordable, the aviation industry’s interest in hydrogen-powered aircraft is growing.
U.S. retail spending fell by 8.7% last month; oil demand to fall by 29M barrels a day in April; companies look to diversify procurement geography.
Key forecast sees the coronavirus as having a big impact on demand in the first quarter.
World’s second largest oil consumer taking extended holiday to deal with virus, keeping businesses shuttered.
Brian Aoaeh writes about changes in the energy/fuel mix over the next 30 years in developed and developing economies.
The International Energy Agency now believes implementation of the new fuel rule could be “much smoother than expected.”
“Any attempt by the United States to reverse course on IMO 2020 could…potentially backfire on consumers.”
World Shipping Council reigns in predictions of severe price spikes resulting from low-sulfur fuel regulation.
Two major agencies see a supply/demand balance that is tightening on the back of steep cuts coming out of OPEC.
Three key agencies have completed their January forecasts and they are all reasonably confident about OPEC’s ability to balance oil markets this year.
