Permanent refining capacity closures expected for 2020-2021 have risen to about 1.7 million barrels per day (bpd) as the COVID-19 pandemic hammers demand for oil products, according to the International Energy Agency (IEA). About a…
Intensifying trade tensions between the U.S. and China could hit economic growth and reduce crude oil demand next year, while supply disruption risks could push prices further upward, according to the International Energy Agency (IEA)…
World’s Oil Market – IEA Outlook HOUSTON — A global energy watchdog says booming production in the United States will meet 80 percent global growth in demand for oil over the next five years....
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