Commercial oil stocks in industrialized economies have fallen to their lowest level in three years, the International Energy Agency said Wednesday, in the latest sign that the global supply glut Continue Reading
Oil prices higher than the current levels may not be good news for major oil producers in the medium and long term, as consumers will seek alternatives to refined oil Continue Reading
The International Energy Agency has long received criticism for its energy forecasts, which, as is typical with any long-term projections, often miss the mark. But a new report accuses the Continue Reading
Though renewable forms of energy outpaced all others, fossil fuels accounted for more than 70 percent of the global demand growth last year, the IEA said. The International Energy Agency Continue Reading
The International Energy Agency raised Thursday its estimate for global oil demand growth this year to 1.5 million b/d and forecast supply would undershoot demand from the second quarter, assuming Continue Reading
Chief of International Energy Agency (IEA) said Monday that China will continue to be a main driving force for the growth of global oil demand. Fatih Birol, executive director of Continue Reading
U.S. shale oil output is set to surge over the next five years stealing market share from OPEC producers and moving the country, once the world’s top oil importer, closer Continue Reading
The U.S. will overtake Russia to become the world’s largest oil producer by 2023, accounting for most of the global growth in petroleum supplies, a top industry monitor said Monday. Continue Reading
The U.S. will overtake Russia to become the world’s largest oil producer by 2023, accounting for most of the global growth in petroleum supplies, a top industry monitor said Monday. Continue Reading
The U.S. will overtake Russia to become the world’s largest oil producer by 2023, accounting for most of the global growth in petroleum supplies, a top industry monitor said Monday. Continue Reading
