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Latest Articles in international energy agency

Oil Falls As Spectre Of China Virus Looms Over Fuel Demand

Brent crude futures were down $1.59, or 2.5%, at $61.62 a barrel by 1426 GMT, having touched their lowest since Dec. 4. They lost 2.1% in the previous session.

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Oil Market To Remain Oversupplied Despite OPEC+ Pact, Says IEA

The Organization of the Petroleum Exporting Countries and other producers including Russia agreed last week to rein in output by an extra 500,000 BPD in the first quarter of 2020 to balance the market and buoy prices, but they stopped short of pledging action beyond March.

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Oil Slips As US-China Trade Deal Hopes Dwindle

A forecast by the International Energy Agency for slower global oil demand growth post-2025 also weighed on the market.

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IEA Sees Global Oil Supply Tightening More Quickly In 2019

Uncertainty over the global economy stemming from U.S.-China trade tensions could undermine oil consumption next year, as growth in supply gathers pace

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Natural Gas To Overtake Coal As World's Second Largest Energy Source By 2030: IEA

Global gas demand would increase by 1.6 percent a year to 2040 and would be 45 percent higher by then than today, Paris-based IEA said

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IEA Lowers Its Growth Forecast In Oil Demand For 2018, 2019

The estimated growth in global demand has been reduced by 110,000 barrels per day for each of the two years

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'Crucial Period' For Oil As Iran Exports Shrink: IEA

The International Energy Agency (IEA) has said that owing to decline in exports from Iran Venezuela, the oil output may tighten up to limit the price impact on the market

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IEA To Review Oil Demand Outlook After China, India Signal Auto Policy Shifts

The International Energy Agency will review its electric vehicle use and oil demand forecasts after India and China recently signaled new policies in favour of electric cars and vehicles using other alternatives to gasoline

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Hindustan Petroleum Plans To Have 60 MT Refining Capacity By 2030

According to a 2015 report by the International Energy Agency, India will require up to 329 million tonnes of oil products annually by 2030

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IEA Sees Oil Markets Slowly Tightening After Months Of Oversupply

Oversupply helped send oil prices from $115 a barrel in June 2014 to as low as $27 in January this year. Crude later recovered to around $50 but fell again towards $40 in July

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Oil Bounces After Big Losses But Glut Persists

A bearish assessment of the oil market by the International Energy Agency (IEA) on Wednesday helped send both crude oil benchmarks down more than 4 per cent by the close of trading

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IEA Sees Global Oil Market Returning To Surplus In Early 2017

Demand growth in 2017 is likely to be flat at around 1.3 million barrels per day, the same level at which it estimates growth for this year, having revised up its May 2016 forecast of 1.2 million bpd

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IEA Chief Says Oil Market, Prices To Return To Balance By 2017

Birol said conditions were difficult for shale oil producers despite a recovery in Brent oil prices to above $45 a barrel

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Fuel Demand Rises At Fastest Pace In At Least 15 Years

Demand for gasoil, or diesel, grew at its fastest pace in four years, rising 7.5 per cent to 74.6 million tonnes

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OPEC, Russia Oil Output Freeze Deal May Be 'Meaningless': IEA

Brent crude futures are up more than 50% from a 12-year low near $27 a barrel hit early this year, bouncing back after Russia and OPEC's Saudi Arabia, Venezuela and Qatar struck an agreement last month to keep output at January levels.

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