Peak oil

The Impact of Covid-29 on Energy Markets

We all know that Covid-19 has impacted the world greatly. Not only is it harming people as a highly contagious virus, it is also having a significant on the world's economy. In an unprecedented time, nearly the entire human population is being asked to stay home to mitigate the spread of this disease and it is sending ripples across the economy.

Rigas: ‘Oil price upside is not enough anymore’

Europe's oil and gas sector is building up a crowded pipeline for stock market flotations, but investor appetite is limited given painful experiences after the last oil price crash and a backlash against fossil fuels.
Greek group Energean was one of a handful of energy companies to list in London in recent years, betting on Israeli gas production and long-term offtake agreements.

Analysis: Don't be misled by recent lower prices in oil market

In January of this year, the world oil market was in rough balance. The annual growth of world oil demand was essentially equal to the growth of world oil supply. Today, world oil supply exceeds demand by about one million barrels per day (about 1 percent of the world oil market). The accumulated imbalance during 2018 has grown world oil stocks and has now led to a sharp decline in prices.

Decline in Peteroleum Prices Because of the Increase in US Reserves

The price of oil fell during the Asian session after the reported surprise growth in US stocks. Impacts also came from expecting Organization of the Petroleum Exporting Countries and other manufacturers to decide if they will increase their production at the June meeting, Reuters reported.

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