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February 13, 2020

Global oil demand set to see first quarterly decline in over 10 years, IEA says-oil and gas 360

Global oil demand set to see first quarterly decline in over 10 years, IEA says

February 13, 2020

CNBC Global oil demand is now expected to see its first quarterly contraction in over a decade, according to the International Energy Agency (IEA), as the new coronavirus and widespread shutdown of China’s economy hits demand for crude. Demand is now expected to fall by 435,000 barrels a day (b/d) in the first quarter of 2020, down from the same period a

Oil prices- oil and gas 360

Oil prices climb on prospects for deeper OPEC+ output cuts

February 13, 2020

Reuters NEW YORK – Oil prices edged higher on Thursday, as investors hoped the world’s biggest producers would cut output more, while they largely shrugged off forecasts of slumping demand due to the coronavirus outbreak in top oil importer China. Brent crude LCOc1 was up 58 cents, or 1.04%, at $56.37 a barrel by 12:20 p.m. ET, while U.S. West

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