With Demand Sliding, Oil Losing It's Grip On Global Demand

Yong-Liang Por, Consultant, Institute for Energy Economics & Financial Analysis (IEEFA)

17-Aug-20 07:37

With Demand Sliding, Oil Losing It's Grip On Global Demand

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In its closely watched Monthly Oil Market Report, OPEC projected a lower demand for 2020, compared with its July estimates.

Yong-liang Por, consultant for the Institute for Energy Economics & Financial Analysis (IEEFA), discusses the global energy outlook in the medium- as well as the long-term, as climate change forces the transition to clean energy.

Image Credit: EPA-EFE

Produced by: Shazana Mokhtar

Presented by: Khoo Hsu Chuang, Wong Shou Ning

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Categories: Trends and Forecasts, Markets, Politics, Law and Legal Matters, Business Analysis, Environment, Science, Investments

Tags: oil market, global energy, Covid-19, climate change, clean energy,

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