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Search resuls for: "Bosoni"


12 mentions found


☆ New technologies like EVs are impacting oil demand growth, IEA's Bosoni says
  + stars: | 2024-10-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew technologies like EVs are impacting oil demand growth, IEA's Bosoni saysToril Bosoni, head of the oil industry and markets division at IEA, discusses the organization's latest oil market report.
Persons: IEA's Bosoni, Toril Bosoni Organizations: IEA
☆ We're seeing a clear slowdown in oil demand growth, says IEA
  + stars: | 2024-07-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're seeing a clear slowdown in oil demand growth, says IEAToril Bosoni, head of the oil industry and markets division at the IEA, discusses the agency's latest Oil Market Report.
☆ IEA downgrades oil demand growth forecast as prices heat up on elevated Middle East tensions
  + stars: | 2024-04-12 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com   time to read: +2 min
The International Energy Agency on Friday downgraded its forecast for 2024 oil demand growth, citing "exceptionally weak" OECD deliveries, a largely complete post-Covid-19 rebound and an expanding electric vehicle fleet. In its latest monthly oil market report, the IEA said it had revised down its 2024 oil demand growth forecast by around 100,000 barrels per day (bpd) to 1.2 million bpd. The IEA's report comes amid a rebound in oil prices on elevated Middle East tensions, with energy market participants closely monitoring the prospect of supply disruptions from the oil-producing region. Asked about some of the main concerns relating to oil supply security, Bosoni replied, "We are watching, obviously, the Middle East very closely. "So, there are several tension points in the oil market today that we're watching very closely that could have major impacts ... if there would be any significant outages," she added.
Persons: CNBC's, Bosoni Organizations: The International Energy Agency, Organization of, Petroleum, Brent, U.S, West Texas Locations: Monahans , Texas, Iran, Israel, Syrian, Damascus, London, China, Europe, United States, Russia, Ukraine
☆ Surge of EV sales in China and Europe is curbing gasoline demand, IEA says
  + stars: | 2024-04-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSurge of EV sales in China and Europe is curbing gasoline demand, IEA saysToril Bosoni, head of oil industry and markets division at the International Energy Agency, reviews the outlook for oil demand growth over the coming months.
Persons: Toril Bosoni Organizations: International Energy Agency Locations: China, Europe
☆ IEA sees surplus oil supply in 2024 even if OPEC+ extends current cuts
  + stars: | 2023-11-21 | by ( Nerijus Adomaitis | ) www.reuters.com   time to read: +2 min
An oil pump of IPC Petroleum France is seen during sunset outside Soudron, near Reims, France, February 6, 2023. OPEC+ is set to consider whether to make additional oil supply cuts when the group meets later this month, three OPEC+ sources have told Reuters after prices dropped by some 16% since late September. Oil has slid to around $82 a barrel for Brent crude from a 2023 high in September of near $98. Concern about demand and a possible surplus next year has pressured prices, despite support from the OPEC+ cuts and conflict in the Middle East. The cuts include 3.66 million bpd by OPEC+ and additional voluntary cuts by Saudi Arabia and Russia.
Persons: Pascal, Toril Bosoni, Brent, Nerijus Adomaitis, Terje Solsvik, Gwladys Organizations: IPC Petroleum France, REUTERS, Rights, International Energy, Reuters, Oil, OPEC, Brent, Thomson Locations: Soudron, Reims, France, Rights OSLO, OPEC, Oslo, East, Saudi Arabia, Russia
☆ China's oil demand has 'surprised to the upside,' IEA says
  + stars: | 2023-08-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's oil demand has 'surprised to the upside,' IEA saysToril Bosoni, head of the oil markets division at the International Energy Agency, says that global oil demand is recovering 'strongly,' largely driven by China.
Persons: Toril Bosoni Organizations: IEA, International Energy Agency Locations: China
☆ China's gasoline demand peak nears as EV boom hastens transition
  + stars: | 2023-07-28 | by ( Mohi Narayan | Thomson Reuters | Reports On Everything How Asia S Fuel Use Recovers The Fallout Of To Tracking How The Global Energy Transition Impacts Refinery Expansion Plans | ) www.reuters.com   time to read: +5 min
The International Energy Agency (IEA) and consultancy Rystad Energy have brought forward forecasts of China's peak gasoline demand by about a year to 2024, while Chinese state majors PetroChina and Sinopec (600028.SS) see it in 2025. The earlier halt in gasoline demand growth in the world's No. Reuters GraphicsAs a result of accelerating EV sales, Paris-based IEA now expects Chinese gasoline demand to peak in 2024 at about 3.7 million barrels per day (bpd), bringing forward an earlier projection of demand plateauing in 2025/2026. The research arm of China's state refiner CNPC expects gasoline demand to peak in 2025, citing accelerating sales of EVs, and sees gasoline demand shrinking 2.3% annually between 2026 and 2030. China's massive move into petrochemicals is already causing a glut globally, prompting companies to shift investments to high-end energy transition materials.
Persons: Aly, refiners, Toril Bosoni, EV's, Gaurav Batra, Mukesh Sahdev, Ma Yongsheng, Mohi Narayan, Carman Chew, Matthew Chye, Chen Aizhu, Zoey Zhang, Andrew Hayley, Florence Tan, Sonali Paul Organizations: Porsche, Auto Shanghai, REUTERS, International Energy Agency, Rystad Energy, China Association of Automobile Manufacturers, Reuters Graphics, Reuters, China, Shenghong Petrochemical, Energy, Graphics, Thomson Locations: Shanghai, China, Jan, Sinopec, Asia, Reuters Graphics China, Paris, U.S, North America, India, Sun, New Delhi, Singapore, Beijing
☆ Oil Prices Projected Higher on Supply Cuts by Saudi Arabia and Russia
  + stars: | 2023-07-13 | by ( Stanley Reed | More About Stanley Reed | ) www.nytimes.com   time to read: +1 min
The series of oil output cuts orchestrated by Saudi Arabia since last fall may finally be having an impact on prices. In a report published on Thursday, the International Energy Agency, the Paris-based monitoring group, said that output cuts could lead to substantial deficits in global oil supplies, beginning in July, potentially pushing up prices and squeezing consumers. “After a period of relative calm, we do expect some renewed volatility and upward pressure on prices in the coming months,” said Toril Bosoni, head of the oil market division at the International Energy Agency. A sustained rise in prices would represent a big win for the Saudi oil minister, Prince Abdulaziz bin Salman, who chairs the oil producers’ group known as OPEC Plus. He has waged a campaign to convince traders that Saudi Arabia and other oil producers would make whatever output cuts are needed to keep markets in balance.
Persons: ”, Toril Bosoni, Prince Abdulaziz bin Salman Organizations: Brent, International Energy Agency Locations: Saudi Arabia, Paris, OPEC
☆ Putin's war in Ukraine brought chaos and change to the global energy market. These 4 charts show how the conflict transformed the oil and gas landscape.
  + stars: | 2023-02-24 | by ( George Glover | Zinya Salfiti | ) www.businessinsider.com   time to read: +6 min
These four charts show how the war has changed global energy markets over the past year. Here are four charts that capture the most striking changes that took hold in oil and gas markets over the past year. Russia has found other oil buyersBut Russia has still managed to find other buyers for its oil. India too has aggressively ramped up its purchases of Russian oil and now imports 1.2 million barrels each day, according to Vortexa. "The natural gas market has become even more global as demand for liquefied natural gas continues to rise," said Ole Hansen, head of commodity strategy at Saxo Bank.
☆ Sanctions on Russian oil are having the 'intended effect,' IEA says
  + stars: | 2023-02-16 | by ( Elliot Smith | ) www.cnbc.com   time to read: +4 min
Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products. The European Union's embargo on Russian oil products came into effect on Feb. 5, building on the $60 oil price cap implemented by the G-7 (Group of Seven) major economies on Dec. 5. Bosoni, who's head of the oil industry and markets division at the IEA, told CNBC on Wednesday that Russian oil production and exports had held up "much better than expected" in recent months. Some Russian oil is also still making its way to Europe through the Druzhba pipeline and Bulgaria, both of which are exempt from EU embargo. watch now"The price cap was put in place to allow for Russian oil to continue to flow to market, but at the same time reducing Russian revenues.
☆ The Russian oil embargo is having its 'intended effect,' IEA says
  + stars: | 2023-02-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Russian oil embargo is having its 'intended effect,' IEA saysToril Bosoni, head of the oil markets division at the International Energy Agency, discusses the impact of EU embargos in Russian oil production and revenues.
☆ The Russia-Ukraine war is unlikely to end in the foreseeable future, analyst says
  + stars: | 2022-12-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Russia-Ukraine war is unlikely to end in the foreseeable future, analyst saysAdriano Bosoni of Rane says there's a "very low probability" of a cease-fire in 2023.
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