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International Energy Agency (IEA) News
International Energy Agency (IEA)
Oil loses steam as supply concerns add to negative economic outlook
Tue, Nov 20, 2018
Brent crude oil futures, the international benchmark for oil prices, were at $66.55 a barrel at 0313 GMT, down 24 cents, or 0.4 percent from their last close.
Oil entering uncertain, volatile period: IEA
Tue, Nov 13, 2018
Oil markets are entering a period of renewed uncertainty and volatility, including a possible supply gap in the early 2020s, the International Energy Agency (IEA) said on Tuesday.
Global oil supply may see potential shortage after 2020: IEA
Tue, Mar 07, 2017
Developing countries account for all of the growth and Asia dominates, with about seven out of every 10 extra barrels consumed globally.
Rising oil import prices may become Asia's growing pain
Sun, Sep 04, 2016
Asia`s net oil imports surpassed the total amount of oil consumed in North America in 2015 and are set to rise after producers slashed spending on exploration and production on low oil prices, leaving oilfields at risk of sharp production declines in the next decade.
International oil markets to balance out by end of 2016: IEA
Tue, Jun 14, 2016
A huge overhang in oil stocks lingering across the world will keep a cap on any further oil price rises, the IEA said on Tuesday, even as supply and demand move towards balance by the end of the year.
Global oil supply glut to 'shrink dramatically' this year: IEA
Thu, May 12, 2016
A global oil glut that has sent prices tumbling is set to "shrink dramatically" later this year, as wildfires have disrupted Canada`s output and demand in India soars, the International Energy Agency (IEA) said Thursday.