Deepening economic uncertainty has created a “fragile” outlook for oil demand, the International Energy Agency warned yesterday as it cut its growth forecasts. Intensifying trade tensions between the United States and China had more influence than recent political tensions in the Middle East, the agency said. The price of Brent crude, the global oil benchmark, has touched $57 a barrel recently, the lowest level in seven months, having traded at $67 in July amid concerns about the seizure of tankers in the Gulf. It was up 0.9 per cent at $57.92 yesterday.
Times 10th Aug 2019 read more »
The push to find low-carbon energy solutions is gaining momentum in the academic world and eclipses the effort being directed towards oil and gas and coal-related research by universities.
Energy Voice 8th Aug 2019 read more »
Economics of petrol and diesel vehicles in ‘relentless and irreversible decline’. That’s the damning verdict from French bank BNP Parabas, which says in terms of transport, the economics of renewables are now impossible for oil to compete with.
Energy Live News 10th Aug 2019 read more »