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 …
The re-balancing of global oil markets remains “fragile” amid weaker estimates for demand and a recovery in supplies, the International Energy Agency said, Rigzone reports. The IEA cut forecasts for world oil consumption in 2021 by 200,000 barrels a day as the pandemic continues to limit travel and economic activity. It boosted projections for supplies outside the OPEC cartel by 400,000 barrels a day as a price recovery spurs investment
The coronavirus crisis and a very mild winter in the northern hemisphere have put global natural gas demand on course for the biggest annual fall on record, the International Energy Agency said in its annual outlook. Global gas …
The oil market is dramatically tighter than it was only a few months ago
Global uncertainties dictate consumer spending patterns
World oil consumption will top 100 million barrels per day (bpd) in the next three months, putting upward pressure on prices, although emerging market crises and trade disputes could dent this demand, the International Energy Agency said on …
Energy Minister says Kashagan would produce some 200,000 bpd in H2 2018, and then possibly 300,000 bpd by year-end. “Today, our daily production rate is 1.8 million barrels…we are not …
The oil market is tipping slowly from glut to equilibrium, as output cuts from OPEC and 11 non-OPEC countries start to reduce crude flows. It's not quite there yet. As Bloomberg reported in an article " …
An agreement of the largest exporters to freeze oil production will not have an impact on the market, a senior executive from the International Energy Agency (IEA), Neil Atkinson, said. He explained that only Saudi Arabia has any …
