Iran increases oil production
Iran’s oil production increased by 50,000 barrels per day (bpd) in the first two months of 2024 to hit 3.2 million bpd, the International Energy Agency (IEA) reported. The IEA report said …
IEA
Russia cashes in on reducing oil exports
Russian oil-export revenues rose to a 10-month high in August, according to the International Energy Agency. Russia received $17.1 billion last month from overseas supplies of crude oil and petroleum products, $1.8 bln more than in …
IEA: Asia set to use half of world's electricity by 2025
Asia will for the first time use half of the world’s electricity by 2025, even as Africa continues to consume far less than its share of the global population, according to a new forecast released Wednesday by the International …
IEA chief: world witnessing biggest energy crisis in history
The world is witnessing the biggest energy crisis ever recorded in history, especially after Russia’s invasion of Ukraine, according to Fatih Birol, executive director of the International Energy Agency. Speaking at the World …
Europe’s warm winter may not be such good news for energy
The last month has been a month of celebration in the European Union. Gas demand is down because of the unusually warm weather. As a result, prices are down, and the crisis, according to analysts, appears to be averted. The problem is that …
Coal consumption set to reach record high in 2022
The world is on track to consume a record amount of coal this year as countries grapple with a global energy crisis. Global coal use is set to increase by 1.2% in 2022, a marginal increase from last year but enough …
Europe races to stock up on Russian diesel ahead of embargo
EU countries had reduced Russian diesel imports by 50,000 bpd to 560,000 bpd by October
Russian oil sales suffer minimal interruption so far
Even though many Western clients are proclaiming their intention to shun Russian barrels, the oil is still flowing from export channels
IEA: oil consumption to reach its peak after 2025
The global demand for oil will eventually start to decline in the long-term perspective under any scenario of de-carbonization of national economies, the International Energy Agency (IEA) said in its World Energy Outlook 2021, obtained by …
Russia urged to pump more gas to Europe as energy prices soar
The International Energy Agency has called on Russia to supply more natural gas to Europe to help alleviate soaring energy prices, …
IEA: global demand to return to pre-pandemic levels at the end of 2022
Oil steadies after hitting 2-yr high as demand hopes face supply growth
IEA revises oil demand forecast
Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said on Thursday, but it trimmed its forecast for the drop citing easing lockdown measures. Demand is expected to fall by 8.6 million barrels …
IEA makes suggestions to balance oil market
Executive director of the International Energy Agency (IEA) Fatih Birol said the recent OPEC+ supply cut was a "solid start" and urged oil producer countries to consider even deeper cuts. "We continue to see …
IEA head assesses G20 role in boosting market stability
G20 could play a leading role in boosting market stability, executive director of the International Energy Agency Fatih Birol said after the call with Canada's Minister of Natural Resources Seamus O'Regan. …
Oil: Big 3 forecasters are not reliable
So if there is no information about all the oil in the world, how much faith should one put in global inventory estimates
Factors To Upend Oil Markets In 2020
OPEC+ has problems with major forecasters of oil supply surplus next year
IEA predicts 7% growth in global oil demand y 2025
Global demand for oil will grow by 6.6 million barrels per day to 103.5 million barrels per day by 2025, the International Energy Agency (IEA) said in an annual World Energy Outlook 2019. It will grow 9.8% to 106.4 …
Gloomy oil demand outlook
Oil watchers are still marveling at the lack of a geopolitical premium on prices
IEA: oil demand growth at lowest since 2008
Mounting signs of an economic slowdown and a ratcheting up of the U.S.-China trade war have caused global oil demand to grow at its slowest pace since the financial crisis of 2008, the International Energy Agency (IEA) said. “The …
What affects oil prices today?
The two most important catalysts: the Middle East crisis and China-U.S. trade war
