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as coronavirus cases spike anew around the globe and continue to depress economies and crude demand “While oil
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Longer voyages from the U S Gulf Coast to Asia have been a major driver of tonne mile demand — a measure
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demand The International Energy Agency has warned that the existing inventory overhang will linger
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their oil output curbs in 2020 Low prices weakened demand hits U S LNG developers Reuters; Dec 29 U
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25 2019 Natural gas demand growth showing weakness in Asia S P Global Platts; Nov 20 An anticipated
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on future demand growth Shell has decided to start building its LNG Canada project in British Columbia
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would be LNG exporters were hopeful that they could find buyers With steady demand growth and new supply
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start to expire Growing supplies from the U S higher demand in Europe and Asia and geopolitical tension
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for electricity — that’s putting a damper on switching Coal now accounts for more than 60 percent of demand “I do
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“Mexico has been one of the few bright stories for prices and demand ” said Nicholas Potter an analyst
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growing demand for gas Platts; April 29 Indonesia s state owned oil and gas entity Pertamina plans to seek
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became “more prominent” from June the company said The drop in energy demand comes as little surprise Oil
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contracted to 2020 … Whatever structural demand growth in Asia and [elsewhere] cannot absorb European
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of three or four years to act ” before the balance of supply and demand might change said Ken Koyama a
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demand was strong and LNG prices were much higher Chevron has pre sold more than 85 percent of its equity
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barrel since mid June But rising supply and faltering demand bode ill for those who want prices to keep
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again a move that has implications for oil demand — higher interest rates and a slowing economy could
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production capacity for dealing with unexpected outages or soaring demand With spare capacity among OPEC
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cost of living are hurting consumers “We’re seeing a degree of demand destruction ” Murphy said
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demand despite the surge in coronavirus cases in India the third largest oil importer The group of major