The International Agency has trimmed its oil demand forecast in its latest oil market report. The energy agency lowered its global forecast for 2011 by 50 thousand barrels a day (k/bd) and by 210 k/bd for 2012. The adjustment takes into account the lower than expected growth of global GDP by the International Monetary Fund’s […]

Although I’m working on a few other posts, I’ve been distracted this past week by a number of key documents, speeches, and data releases (and of course, the omnipresent preoccupation of linking cartoons to commodities). Hither and thither, here are some observations I have cobbled together. 1 ) The EIA International Energy Outlook released on […]

Chris Huhne today embarked on a fresh campaign to explain why UK policy is so fixed on tackling climate change. Speaking to the Prince of Wales’s UK Corporate Leaders’ Group, in the first of a series of speeches, he said there were three reasons to act – economical, political and scientific. Mr Huhne told delegates: […]