International Energy Agency OMR
Demand got off to a strong start this year with global 1Q18 growth at over 2 mb/d, helped by cold weather in the northern hemisphere. Recent data, however, point to a slowdown, with Continue Reading
International Energy Agency OMR
Since our last report, OPEC oil ministers and ten non-OPEC oil ministers have met and agreed to achieve 100% compliance with the Vienna Agreement (i.e. they will increase production). What this means Continue Reading
IEA: Nobody wins in a market with oil supply deficits
Oil supply disruptions, from extraordinary events or otherwise, are not in the best interest of consumers or producers, the International Energy Agency said. The Organization of Petroleum Exporting Countries in Continue Reading
IEA: Oil Prices Could Rise Further As Shale Can’t Fill The Gap
The IEA said that the run up in oil prices in the last few months dampened oil demand growth, although the agency left its forecast for oil demand growth unchanged Continue Reading
Oil demand seen steady in 2019 but OPEC supply, trade risks loom: IEA
Oil demand will grow steadily in 2019 thanks to a solid global economy, but the world may face a large supply gap by late next year if OPEC cannot cover Continue Reading
Global Economy to Drive Strong Oil Demand in 2019, Says IEA
The world’s appetite for oil should remain robust throughout next year even as U.S. production continues to dominate supply growth, the International Energy Agency said Wednesday. In its closely watched monthly Continue Reading
International Energy Agency OMR
Our demand growth estimate for 2018 has been left largely unchanged, at 1.4 mb/d. Recent data confirms strong growth in 1Q18 and in early 2Q18, partly due to colder weather in the northern Continue Reading
IEA lowers estimated 2018 ‘call’ on OPEC crude oil, with further fall forecast in 2019
The International Energy Agency on Wednesday said a “finely balanced” market would become vulnerable to disruption and OPEC swing producers and others would need to boost their production, even as Continue Reading
IEA ‘Ready To Act’ To Keep Oil Markets Well Supplied
The International Energy Agency (IEA) is ready to act if “necessary to ensure that markets remain well supplied,” the IEA’s Director for Energy Markets and Security, Keisuke Sadamori, told S&P Continue Reading
IEA Cuts Oil Demand Forecasts As Markets Evolve
The IEA has cut oil demand forecasts as the recent growth in oil prices continues. The agency expects demand to fall in response to high prices, but there are a Continue Reading