IEA sees jump in U.S. oil output in next five years
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
Mexico becomes first Latin American country to join the IEA
By entering the “most important energy forum in the world,” Mexico is the newest, and first Latin American, country to join the IEA, its government announced. Mexico deposited its signature Continue Reading
‘Returning to heady days’: IEA raises US oil growth forecasts
The International Energy Agency revised higher its US oil production growth forecasts for 2018, stressing that rapidly expanding shale output is a major factor offsetting Opec-led supply cuts. The latest Continue Reading
Bioplastics Threaten Big Oil
What sector will account for the largest source of oil demand growth over the next two decades? Most people might assume transportation, with hundreds of millions of people in the Continue Reading
Coal demand falling, IEA says
Global coal demand is on a clear decline and its share in the power mix is on pace to fall to the lowest level since record-keeping began, the IEA said Continue Reading
In-depth: IEA Predicts Rise of Cheap Renewables and China’s Move away from Coal
The global energy system is in a state of flux. Renewables are experiencing rapid deployment and steep pricefalls. A growing portion of global energy is provided by electricity. There’s a Continue Reading
IEA: ‘Too Early to Write Obituary of Oil’
The world’s consumers are not yet ready to say goodbye to the era of oil. The world’s consumers are not yet ready to say goodbye to the era of oil, Continue Reading
Oil Prices Nosedive On Bearish IEA Report
The IEA lowered its demand forecast by 50,000 bpd in 2017 and 190,000 bpd in 2018, raising concerns that the oil market is actually not as healthy as it seems. Continue Reading
Don’t buy the tight-market hype, IEA says
Gains in oil production from countries outside of OPEC might be more than what’s expected for demand next year, the Paris-based International Energy Agency reported. File photo by Gary C. Continue Reading
US crude output set to rocket, says IEA
Growth in US oil output until 2025 will be the strongest seen by any country in the history of crude markets, making it the “undisputed” leader among global producers, the Continue Reading