Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: March 2020

Coronavirus Set to Impact Global Oil Demand

The IEA (International Energy Agency) says that global oil demand will decline in 2020 as coronavirus constricts travel and broader economic activity. “The coronavirus crisis is affecting a wide range of energy markets – including coal, gas and renewables – but its impact on oil markets is particularly severe...

Renewable Energy Cheaper to Develop than Coal

New renewable energy sources are now cheaper to develop than new coal plants, according to Carbon Tracker, an independent financial think-tank that carries out in-depth analysis on energy. In 10 years it will be cheaper to close down coal plants and build wind and solar plants instead, mainly because...

March Markets Update

During February the energy markets started to reflect the initial impacts of coronavirus. Low prices at the start of the month recovered only to fall again by the end of the month. We will have to wait and see how the pandemic pans out and how the market reacts...