Submit a Story!
FT.com / Global Economy - Oil watchdog cuts demand forecasts
FT.com / Global Economy - Oil watchdog cuts demand forecasts
The worst recession in decades will curtail oil demand for years to come, the International Energy Agency predicted on Monday as it cut sharply its forecasts for world consumption and declared that the threat of a supply crunch had receded. Oil figures The consuming countries’ oil watchdog said ...
FT.com / Companies / Oil & Gas - ‘Rogue broker’ blamed for oil spike
ft.com — The startling spike in oil prices to their highest level this year on Tuesday was caused by... a rogue broker who placed a massive bet in the Brent oil market, triggering almost $10m (€7m) of losses for his company. PVM Oil Associates, the world’s ... (more) FT.com / Companies / Oil & Gas - ‘Rogue broker’ ...
So Much For Chinese Demand
marketprognosticator.blogspot.com — "The International Energy Agency cut its oil demand estimates for every year through 2013 by about 3... million barrels a day, it said in its Medium- Term Oil Market Report today. Consumption will average 86.76 million barrels a day in 2012, the first ... (more) So Much For Chinese Demand
Should Mexico Stop Exporting Oil?
gregor.us — In May, oil production from Mexico’s (previously) largest oil field Cantarell slipped below 700 kb/day . While... the death of Cantarell has been much discussed since it peaked five years ago at 2.1 Mb/day, what’s less recognized is that ... (more) Should Mexico Stop Exporting Oil?
Comments
Blog Reactions

Lunch Wrap
FT Alphaville — ... Alphaville on Monday morning, -  RIP Eonia. - Treasuries turn tail devourer. - The economics of toast. -  Of con men, spivs and ‘ gangreenous ’ stocks. - Hybrid debt attack ! - A bank for sale. - ‘You only live twice’ ( in Japan ). - Mambo bond kings in further reading . - China sidesteps the crises in pink picks . - Banks, ECB lending and LSE fines on Markets Live . On FT.com, - Oil watchdog cuts demand forecasts . - Vodafone eyes T-Mobile UK bid . - Merger talk and backing for banks ...

IEA "Sharply" Lowers Oil Demand Forecast
naked capitalism — ... activity, so a reduction in the prediction undermines the "green shoots" thesis. A cut in the demand forecast, particularly from the IEAl All official agencies have overestimated both supply and demand growth, but the demand growth overestimates have been larger than for supply. It is also worth noting the IEA has done worse that OPEC, the most conservative. And note the outlook for demand growth for oil through 2014 is surprisingly low, a mere 0.6% per annum. From the Financial Times: The worst recession in decades will curtail oil demand for ...

Links June 30 09
Moon of Alabama — ... Reports A question: When will HuffPo start live-blogging the resistance of the people against the coup in Honduras? [Russia] Links NATO [Transit] Rights To Drug War - Moscow Times How America is constantly at war - SMH CIA Crucified captive in Abu Ghraib Prison - Global Research Waking Up Is Hard to Do - ConsortiumNews fences #2 - anna missed Oil watchdog cuts demand forecasts (alt link) - FT China raises gasoline, ...

Related Content
Agency Cuts 2009 Global Oil Demand Forecast
hf-implode.com 4/10/2009 — " World oil demand will dive by a hefty 2.4 million barrels per day in 2009, the International Energy (OOTC:ILGL) Agency said on Friday, citing the impact of prolonged economic recession on energy use."
FT.com / Global Economy - Oil surges on raised forecast of demand
ft.com 6/12/2009 — Oil prices on Thursday surged to an eight-month high above $73 a barrel after the western countries’ energy watchdog raised its forecast for global oil demand for the first time in almost a year. The International Energy Agency’s abrupt change, saying ...
The Restructuring of Global Oil Demand
gregor.us 4/26/2009 — The global financial crisis may be hastening a process that’s been underway the entire decade: the restructuring of global oil demand. Western OECD oil demand has been much slower the past 15 years and its growth rate started to stall out again ...
IEA Cuts 2030 Global Oil Demand Forecast on Economy (Update1)
bloomberg.com 25 days ago — Nov. 10 (Bloomberg) -- The International Energy Agency cut its long-term forecast for global oil demand as the economic crisis saps consumption in developed economies and environmental policies encourage alternative energy use. Global oil demand is ...
Rising world oil demand and the U.S. economy
econbrowser.com 5/21/2009 — This morning, the Joint Economic Committee of the U.S. Congress took up the implications of rising world oil demand for the U.S. economy. I was invited to participate along with Daniel Yergin, Co-Founder and Chairman of Cambridge Energy Research ...
FT.com / Global Economy - Global demand for oil to plummet
ft.com 12/10/2008 — Global oil demand will collapse next year and commodities will not return to the highs they reached this summer in the foreseeable future, two authoritative reports said on Tuesday as they forecast a long and painful worldwide recession. The stark ...
Oil in Big Macs
gregor.us 6/9/2009 — There’s a temptation to believe that if one stripped out the USD from the price of oil, a better picture of oil’s cost would emerge. Over the years people have expressed Oil in Euros, Swiss Francs, and of course Gold–which does make ...
FT.com / Global Economy - Saudi minister sees oil demand rising
ft.com 5/27/2009 — Global oil demand is picking up, supported by higher consumption in China, driving oil prices higher, Ali Naimi, Saudi Arabia’s oil minister, said on Wednesday ahead of Thursday’s Opec meeting in Vienna. Mr Naimi added that Opec did not need to cut ...
Dow Jones Stock Market Forecast 2009 :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website
marketoracle.co.uk 3/4/2009 — Economy for 2009 Global crude oil production peaked in 2008. This will mean that there will be no recovery from the recession. Global crude oil production had been rising briskly until 2004, then plateaued for four years. Because oil producers were ...
Canada's Oil Sands - Part 1
theoildrum.com 8/25/2009 — This is the first in a two-part series about Canada's oil sands. In this post, I will talk about a recent American Petroleum Institute (API)-sponsored media trip I made to see Canada's oil sands, and give a little background on material being ...
The IEA Takes Oil Bulls By The Horns (XOM, TOT, RDS.B)Investopedia.com Headlines 6/30/2009
The International Energy Agency cut its medium-term demand forecast for oil, indicating a potentially rough road ahead for oil bulls.
Conservation in Ecuador: Trees or oilThe Economist: Full print edition 7/2/2009
An ambitious scheme to save pristine forest starts to take shape THOUGH half of Ecuador lies in the Amazon basin, its rainforest is shrinking faster than in neighbouring countries (by 1.67% a year). It has been ravaged by logging, poachers and oil ...