Energy Economy

Coronavirus Outbreak Compels IEA to Cut 2020 Estimates

A month ago, the International Energy Agency (IEA) forecast that first-quarter 2020 demand for crude oil would grow by 1 million barrels a day compared with the same period in ...
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More Stark Predictions for Crude Oil Prices and Production in 2020

Oil is already in a bear market in 2020, and the prospects for "black gold" have been bleak. While West Texas Intermediate (WTI) was back above $50.00 a barrel on ...
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Global Carbon Dioxide Emissions End 2-Year Rise in 2019

Between 2007 and 2019, the developed countries of the Organisation for Economic Co-operation and Development (OECD) have cut carbon dioxide emissions from 13 billion metric tons (Gt) to 11.3 Gt, ...
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Gas Prices Tumble for Fourth Straight Week

The national average price for a gallon of regular gas dropped by 3.5 cents last week to $2.42, according to industry analysts at GasBuddy. The drop continues a four-week streak ...
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Why Russia Dithers Over Deeper Crude Production Cuts

Saudi Arabia has been pushing hard to move up a meeting of the OPEC+ oil ministers scheduled for next month. The drop in demand for crude, largely attributed to the ...
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Gas Prices Tumble Toward $2

The spread of the coronavirus first diagnosed in China has undercut world oil prices. China is the world's largest oil importer, and its economy and some of its major industries ...
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How the Coronavirus May Push Global Oil Production Into Oversupply

It has been no secret that the rapid spread of the coronavirus to nations outside of China has been a weight on financial markets, as well as many commodities that ...
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OPEC+ Considers Price-Gouging as Coronavirus Spreads

The price of Brent crude has dropped from around $69 a barrel in early January to just over $56 dollars Monday morning. Virtually all of that decline has come since ...
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Gas Prices Continue Trending Lower

The national average price for a gallon of regular gasoline dropped by nearly four cents per gallon last week to $2.50, according to industry analysts at GasBuddy. The drop continues ...
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WEF–More Than Half Of Global GDP Linked To Nature, And At Risk

The World Economic Forum has issued a report entitled "Nature Risk Rising: Why the Crisis Engulfing Nature Matters for Business and the Economy." The reports most important conclusion may be: ...
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Despite Threats to Iraqi Supplies, Global Oil Markets in Good Shape: IEA

The U.S. drone attack that killed Iranian Lieutenant General Qasem Soleimani sent shivers through global oil markets earlier this month. Crude prices had been climbing all through December following the ...
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OPEC Forecasts Higher Demand for Crude as Global Economy Improves

The Organization of the Petroleum Exporting Countries (OPEC) saw the price of its reference basket of crude oil components rise by 5.6% to 66.48 a barrel in December, following a ...
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US Targeting of Top Iranian Leader Likely to Have Only a Temporary Effect on Crude Prices

Until last Thursday when a U.S. rocket attack killed Qasem Soleimani, the commander of Iran's Revolutionary Guards' Quds Force, the outlook for crude oil prices for 2020 called for some ...
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Gas Prices Turn Higher as the New Year Rolls In

The national average price for a gallon of regular gasoline increased by 1.6 cents per gallon last week to $2.57, according to industry analysts at GasBuddy. The drop ends a ...
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US Clean Energy 2020: The Glass Is Half Full — or Half Empty

The federal budget bill passed last week and signed by the president last Friday is the usual grab bag of funding for military and domestic programs, along with a generous ...
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