• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
The climate news that makes a difference.
No Result
View All Result
The Energy Mix
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
  FEATURED
BP Predicts Faster Oil and Gas Decline as Clean Energy Spending Hits $1.1T in 2022 January 31, 2023
Canada Needs Oil and Gas Emissions Cap to Hit 2030 Goal: NZAB January 31, 2023
Ecuador’s Amazon Drilling Plan Shows Need for Fossil Non-Proliferation Treaty January 31, 2023
Rainforest Carbon Credits from World’s Biggest Provider are ‘Largely Worthless’, Investigation Finds January 31, 2023
Danske Bank Quits New Fossil Fuel Financing January 23, 2023
Next
Prev

IEA Forecasts Oil Supply Gap, But Sees ‘Risk’ in Trump Trade War, Higher Fossil Prices

June 14, 2018
Reading time: 1 minute

catmoz/pixabay

catmoz/pixabay

 

The International Energy Agency is predicting a gap in global oil supply by late 2019 if the Organization of Petroleum Exporting Countries (OPEC) can’t keep up with growing demand. But it’s hedging its bets on the economic factors behind the forecast.

The IEA maintains that demand will exceed 100 million barrels per day by next April, then increase by 1.4% over the course of the year. “A solid economic background and an assumption of more stable prices are key factors,” the Paris-based agency states in its monthly report.

  • Be among the first to read The Energy Mix Weekender
  • A brand new weekly digest containing exclusive and essential climate stories from around the world.
  • The Weekender:The climate news you need.
New!
Subscribe

But “risks include possibly higher prices and trade disruptions,” the IEA acknowledges, citing Donald Trump’s mounting trade war with Canada and the European Union as the “main risk” to the IEA’s demand forecast.

“The risks associated with escalating retaliations are not negligible,” the report states. “A prolonged slowdown in trade would negatively affect world GDP growth and oil demand, as a significant part of oil consumption is linked to trade activities.”

The IEA also sees “the possibility of a downward revision to our economic assumptions in the next few months,” with the world economy “feeling some pain from higher oil prices.”

The Thomson Reuters report goes over some of the market dynamics between OPEC and non-OPEC fossil producers that will be in play when OPEC ministers meet in Vienna this week.



in Energy / Carbon Pricing & Economics

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

Ken Teegardin www.SeniorLiving.Org/flickr
Clean Electricity Grid

Virtual Power Plants Hit an ‘Inflection Point’

January 31, 2023
125
EcoAnalytics
Media, Messaging, & Public Opinion

Albertans Want a Just Transition, Despite Premier’s Grumbling

January 23, 2023
324
Climate Denial & Greenwashing

Exxon Had the Right Global Warming Numbers Through Decades of Denial: Study

January 17, 2023
229

Comments 1

  1. MyWorldSecur says:
    5 years ago

    But U.S. shale production still only accounts for a little over 5 million barrels per day, or a little more than 5 percent of total oil production worldwide. By way of comparison, conventional oil production accounts for 69 million barrels per day.
    Greatest regards, worldsecurity.com.ua

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

Mike Mozart/Flickr

BP Predicts Faster Oil and Gas Decline as Clean Energy Spending Hits $1.1T in 2022

January 31, 2023
325
EcoAnalytics

Albertans Want a Just Transition, Despite Premier’s Grumbling

January 23, 2023
324
United Nations

Salvage of $20B ‘Floating Time Bomb’ Delayed by Rising Cost of Oil Tankers

January 27, 2023
122
/Pikrepo

Four Decades of Research Show Gas Stoves as ‘Overlooked’ Risk to Indoor Air, Child Health

December 7, 2020
1k
jasonwoodhead23/flickr

Canada, U.K., U.S. Must Cut Oil and Gas 76% by 2030 to Keep 1.5° Alive, New Analysis Finds

March 23, 2022
505
Nuclear Jordan/Facebook

TC Energy Wants to Supply ‘Small-Scale’ Nuclear Reactors to Alberta Tar Sands/Oil Sands

May 4, 2022
399

Recent Posts

Gina Dittmer/PublicDomainPictures

Canada Needs Oil and Gas Emissions Cap to Hit 2030 Goal: NZAB

January 31, 2023
196
CONFENIAE

Ecuador’s Amazon Drilling Plan Shows Need for Fossil Non-Proliferation Treaty

January 31, 2023
61
Ken Teegardin www.SeniorLiving.Org/flickr

Virtual Power Plants Hit an ‘Inflection Point’

January 31, 2023
125
/snappy goat

Rainforest Carbon Credits from World’s Biggest Provider are ‘Largely Worthless’, Investigation Finds

January 31, 2023
94
Victorgrigas/wikimedia commons

World Bank Climate Reforms Too ‘Timid and Slow,’ Critics Warn

January 31, 2023
42
Doc Searls/Twitter

Guilbeault Could Intervene on Ontario Greenbelt Development

January 31, 2023
132
Next Post
Johnny Silvercloud/flickr

Exxon Shareholders Commit Epic Failure After ‘Defective, Irresponsible’ Climate Risk Report

The Energy Mix - The climate news you need

Copyright 2023 © Energy Mix Productions Inc. All rights reserved.

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Proudly partnering with…

scf_withtagline
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}