The September report projects an annual fall of 2.5 million barrels per day.
In its report published on 11 September, the International Energy Agency enlarged its projected demand decline by 940,000 barrels per day. This is a full-year forecast, not a completed annual result.
The report puts August global production at 100.1 million barrels per day, down 1.6 million from July. Observed oil inventories fell by 95 million barrels during August.
In a September 24 sit-down, Wirth discussed project selection, country risk, durable oil investment and competition facing LNG.
At Gastech, PETRONAS’s CEO said regional cooperation, diversified energy supplies and stronger electricity links can improve Asia’s resilience.
In an 8:04 CNA interview at Gastech, Simonelli said disruption was driving interest in more pipelines, supply routes and resilient infrastructure.
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