Subscribe to our Mailing Lists (It's free!)
Tuesday, January 31, 2023
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    abandonment of seafarers

    What can be done about the plight of abandoned seafarers

    ship finance in Europe

    ECSA: EU makes positive step for competitive ship finance

    amsa compliance strategy

    AMSA: 6 key elements for compliance strategy

    flare explosion

    Lessons learned: Fatality after flare explosion

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    how to fall asleep

    6 tips to help you fall asleep when you wake up at night

    psychotherapy

    Working in business? How psychotherapy can be a life-changing experience

    sexual health

    Sexual health important to overall wellbeing: Key considerations

    Meditation

    What happens when you meditate daily: 10+1 benefits

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    osm gcmd

    OSM: First Greek ship owner and manager to join GCMD as centre-level partner

    houlder shell

    Houlder completes liquid hydrogen vessel design for Shell

    green shipping south africa

    IMO supports opportunities for green shipping in South Africa

    mabanaft hapag lloyd

    Hapag-Lloyd, Mabanaft to supply ammonia to Germany and US ports

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    portsmouth port

    Portsmouth Port: New project to decarbonize cost-effectively

    pil lloyds register

    LR to help PIL reduce emissions through digitalization

    nyk ghelia autonomous ships

    NYK, Ghelia to collaborate on autonomous ships development

    allianz cyber risks

    Allianz: Cyber risks the most important risk globally

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    black sea mou cic stcw

    Black Sea MoU: Preliminary results of CIC on STCW

    Keppel Offshore fines

    Keppel Offshore & Marine pays $65m in fines after corruption case

    fmc delay and disruption claims

    FMC: Increase in “Delay and Disruption” claims

    crew jail illegal sell of marine gas oil

    Singapore: 11 crew jailed due to Illegal sale of marine gas oil

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    abandonment of seafarers

    What can be done about the plight of abandoned seafarers

    bsm all aboard alliance

    BSM joins All-Aboard Alliance to enhance DEI efforts

    mabanaft hapag lloyd

    Hapag-Lloyd, Mabanaft to supply ammonia to Germany and US ports

    portsmouth port

    Portsmouth Port: New project to decarbonize cost-effectively

  • Columns
    Maritime Just Transition Task Force: Engaging industry in social dialogue

    Maritime Just Transition Task Force: Engaging industry in social dialogue

    Career Paths: David Tournay, Maritime Skills Alliance

    Career Paths: Sinikka Hartonen, One Sea Association

    Career Paths: David Tournay, Maritime Skills Alliance

    Career Paths: David Tournay, Maritime Skills Alliance

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    abandonment of seafarers

    What can be done about the plight of abandoned seafarers

    ship finance in Europe

    ECSA: EU makes positive step for competitive ship finance

    amsa compliance strategy

    AMSA: 6 key elements for compliance strategy

    flare explosion

    Lessons learned: Fatality after flare explosion

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    how to fall asleep

    6 tips to help you fall asleep when you wake up at night

    psychotherapy

    Working in business? How psychotherapy can be a life-changing experience

    sexual health

    Sexual health important to overall wellbeing: Key considerations

    Meditation

    What happens when you meditate daily: 10+1 benefits

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    osm gcmd

    OSM: First Greek ship owner and manager to join GCMD as centre-level partner

    houlder shell

    Houlder completes liquid hydrogen vessel design for Shell

    green shipping south africa

    IMO supports opportunities for green shipping in South Africa

    mabanaft hapag lloyd

    Hapag-Lloyd, Mabanaft to supply ammonia to Germany and US ports

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    portsmouth port

    Portsmouth Port: New project to decarbonize cost-effectively

    pil lloyds register

    LR to help PIL reduce emissions through digitalization

    nyk ghelia autonomous ships

    NYK, Ghelia to collaborate on autonomous ships development

    allianz cyber risks

    Allianz: Cyber risks the most important risk globally

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    black sea mou cic stcw

    Black Sea MoU: Preliminary results of CIC on STCW

    Keppel Offshore fines

    Keppel Offshore & Marine pays $65m in fines after corruption case

    fmc delay and disruption claims

    FMC: Increase in “Delay and Disruption” claims

    crew jail illegal sell of marine gas oil

    Singapore: 11 crew jailed due to Illegal sale of marine gas oil

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    abandonment of seafarers

    What can be done about the plight of abandoned seafarers

    bsm all aboard alliance

    BSM joins All-Aboard Alliance to enhance DEI efforts

    mabanaft hapag lloyd

    Hapag-Lloyd, Mabanaft to supply ammonia to Germany and US ports

    portsmouth port

    Portsmouth Port: New project to decarbonize cost-effectively

  • Columns
    Maritime Just Transition Task Force: Engaging industry in social dialogue

    Maritime Just Transition Task Force: Engaging industry in social dialogue

    Career Paths: David Tournay, Maritime Skills Alliance

    Career Paths: Sinikka Hartonen, One Sea Association

    Career Paths: David Tournay, Maritime Skills Alliance

    Career Paths: David Tournay, Maritime Skills Alliance

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

EIA cuts global oil demand forecast amid coronavirus

by The Editorial Team
February 12, 2020
in Fuels
germany oil

Credit: Shutterstock

FacebookTwitterEmailLinkedin

The US Energy Information Administration cut its global oil demand growth forecast for 2020 by 310,000 barrels per day (bpd) as the coronavirus outbreak impedes oil consumption in China, the world’s second biggest economy.

Namely, the agency reduced its estimate for global demand in 2020 to an increase of 1.03 million bpd to 101.74 million bpd, according to Reuters.

The new coronavirus has cost the lives of 1,116 people, with confirmed cases exceeding 45,000, and has adversely affected global financial markets.

Now, China’s foremost medical adviser on the epidemic said infections may be over by April.

RelatedNews

IMO supports opportunities for green shipping in South Africa

Hapag-Lloyd, Mabanaft to supply ammonia to Germany and US ports

In this regard, EIA expects that travel restrictions, mixed with the related economic slowdown in China, will reduce petroleum demand and keep crude oil prices below $60 per barrel through the first half of 2020, despite current disruptions to crude oil supply, EIA Administrator Linda Capuano explained.

Meanwhile, the cut in global demand growth reflects warmer-than-normal January temperatures across much of the northern hemisphere, EIA noted.

The EIA also cut its growth forecast for surging US crude output, which has helped make the US the world’s biggest oil producer, overtaking Saudi Arabia and Russia.

US crude production is expected to rise by 960,000 bpd in 2020 to a record of 13.2 million bpd, below EIA’s previous forecast for a rise of 1.06 million bpd.

Output in 2021 is forecast to rise by 360,000 bpd to 13.56 million bpd.

The rate of growth is expected to slow into next year as US oil producers follow through on plans to slash spending on new drilling for a second year in a row in 2020.

The agency expects U.S. petroleum demand to climb 90,000 bpd to 20.53 million bpd in 2020, below its previous forecast for a rise of 160,000 bpd to 20.64 million bpd.

Tags: COVID-19EIAshipping market

Leave a Reply Cancel reply

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

Recommended

how to fall asleep

6 tips to help you fall asleep when you wake up at night

January 31, 2023
abandonment of seafarers

What can be done about the plight of abandoned seafarers

January 31, 2023

SEAFiT Poll

What is the biggest obstacle for the social life onboard?

MARITIME EVENTS

Explore

  • Safety
  • Green
  • Smart
  • Risk
  • Others
  • Events
  • Plus

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Contact

RISK4SEA Facts

Did you know that Bulk Carriers had an increase in detentions in Australia? 15% increase in detentions within 2020 vs. Last3Y.

Learn more risk4sea.com

© 2021 SAFETY4SEA

No Result
View All Result
  • Safety
    • Alerts
    • Accidents
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Opinions
    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus

© 2021 SAFETY4SEA

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Disclaimer.