china

The International Energy Agency (IEA) has cut its oil demand growth forecast for the year as the coronavirus outbreak in China continues to take a toll on the global economy.

The global natural gas market is grappling with demand loss in China that’s resulted from the coronavirus outbreak, as spot prices in Northeast Asia have continued to tumble, more ships are idling, and buyers and sellers are trying to find a place for deferred cargoes.

The effect of the spreading coronavirus has so far been “marginal,” according to U.S. Energy Secretary Dan Brouillette, and longer term impacts depend in large part on the actions of the Chinese government.

Global energy markets are struggling to gauge the potential impacts of the coronavirus, which has continued to spread rapidly, raising the specter of what could be a major demand disruption at a time when worldwide oil and natural gas supplies are abundant.

Global energy markets are struggling to gauge the potential impacts of the coronavirus, which has continued to spread rapidly, raising the specter of what could be a major demand disruption at a time when worldwide oil and natural gas supplies are abundant.

Global energy markets are struggling to gauge the potential impacts of the coronavirus, which has continued to spread rapidly, raising the specter of what could be a major demand disruption at a time when worldwide oil and natural gas supplies are abundant.

Led by onshore spending in the United States, oilfield equipment (OFE) expenditures should continue to increase in the 2020s, reaching a forecast peak of $133 billion in 2023, according to Westwood Global Energy Group.

Led by onshore spending in the United States, oilfield equipment (OFE) expenditures should continue to increase in the 2020s, reaching a forecast peak of $133 billion in 2023, according to Westwood Global Energy Group.

Led by onshore spending in the United States, oilfield equipment (OFE) expenditures should continue to increase in the 2020s, reaching a forecast peak of $133 billion in 2023, according to Westwood Global Energy Group.