IEA: Oil investment drought threatens price surge
Drastic cuts in oil industry investment risk creating a shortfall in supply that by 2020 will expose the market to a surge in prices, the International Energy Agency has warned. Continue Reading
IEA warns of oil ‘supply crunch’ by 2020 with no capex renaissance
Global oil supply may struggle to match demand after 2020, when the pinch of a two-year decline in investment in new production could leave spare capacity at a 14-year low Continue Reading
IEA: Oil investment drought threatens price surge
Drastic cuts in oil industry investment risk creating a shortfall in supply that by 2020 will expose the market to a surge in prices, the International Energy Agency has warned. Continue Reading
IEA Tracks 40 Percent Compliance Rate For Non-OPEC Deal Participants
Two anonymous OPEC sources say that eleven of the non-OPEC nations that are part of the oil output reduction deal struck at the end of November have only made 40 Continue Reading
IEA says record OPEC cut compliance helps oil market rebalance
A worker checks the valves at Al-Sheiba oil refinery in the southern Iraq city of Basra, January 26, 2016. REUTERS/Essam Al-Sudani/File Photo Global oil output plunged in January as OPEC Continue Reading
International Energy Agency Oil Market Report
Supported by strong 4Q16 numbers,the estimate for global oil demand growth for 2016 was revised up for the third consecutive month to 1.6 mb/d. Although still forecast to decelerate in Continue Reading
Oil Jumps as IEA Sees Record OPEC Cuts Compliance, Rising Demand
Oil jumped as the International Energy Agency said OPEC had achieved record initial compliance of 90 percent with their cuts agreement, while demand grew faster than expected. Futures gained as Continue Reading
IEA Says OPEC Reaches Record Compliance With Agreed Cuts
OPEC members have reached a record compliance of 90% with their agreed output cuts, the International Energy Agency said Friday. The Organization of the Petroleum Exporting Countries on Nov. 30 Continue Reading
IEA does not foresee oil demand peaking soon, Birol says
The International Energy Agency (IEA) does not expects oil demand to peak any time soon due to rising consumption in developing economies, Director Fatih Birol said on Monday. Birol also Continue Reading
IEA does not foresee oil demand peaking soon, Birol says
The International Energy Agency (IEA) does not expects oil demand to peak any time soon due to rising consumption in developing economies, Director Fatih Birol said on Monday. Birol also Continue Reading