IEA’s Shocking Revelation About U.S. Shale
The oil market is exhibiting signs of having reached a “new normal,” according to the IEA, with the floor for oil prices jumping from $50 to $60 per barrel. But Continue Reading
International Energy Agency – OMR
Higher prices and relatively mild early winter temperatures contributed to a downward revision to our demand forecast. Growth has been revised down by 0.1 mb/d for both 2017 and 2018 and we now see Continue Reading
Southeast Asia’s growing energy deficit to boost trade flows by 2040: IEA
Southeast Asia’s growing deficit of fossil fuels including oil, natural gas and coal up to 2040 will dictate energy trends for the whole region, including trade flows, investments and policy Continue Reading
IEA sees Southeast Asia oil demand growing until at least 2040
Southeast Asian demand for oil will keep growing until at least 2040 as emerging nations there rely on the fossil fuel to transport their rapidly growing populations, ship goods and Continue Reading
IEA: Subdued demand means relatively oversupplied oil market
Despite multilateral efforts to balance the oil market with managed production cuts, the situation in general still favors the supply side, the IEA said. The Organization of Petroleum Exporting Countries Continue Reading
IEA Sees Risk of Volatile Oil Prices on Weak Upstream Investment
Lag in investment raises risk of tightened market: Atkinson IEA failed to foresee ‘technical ingenuity’ of U.S. shale A dearth of new investment in oil production is stoking a risk Continue Reading
IEA: Price Spike Coming In 2020
The oil market has been awash in crude for more than three years, and OPEC has struggled to accelerate the rebalancing effort, but the world could be heading for a Continue Reading
IEA Sees Risk of Volatile Oil Prices on Weak Upstream Investment
Lag in investment raises risk of tightened market: Atkinson IEA failed to foresee ‘technical ingenuity’ of U.S. shale A dearth of new investment in oil production is stoking a risk Continue Reading
IEA Sees Strongest Global Oil-Demand Growth in Two Years
Global oil demand will climb this year by the most since 2015, the International Energy Agency said, amid stronger-than-expected consumption in Europe and the U.S. The IEA, which advises most Continue Reading
The Most Bullish Oil Report This Year
Despite the huge uncertainties related to the two massive hurricanes that hit the U.S., the global oil market looks tighter than it has in a long time, according to a Continue Reading