IEA Sees Oil Price Shock Ahead As Conventional Supply Falls
Oil Pumps If the oil industry’s upstream investments continue to be lower next year, there is a material risk that the world could end up with a shortage in new Continue Reading
Norway’s DNO signs oil agreement with Iran
Norwegian oil and gas company DNO said Wednesday it signed a memorandum of understanding to examine oil field development in Iran. DNO signed an agreement with the National Iranian Oil Continue Reading
Oil demand won’t peak before 2040, despite Paris deal: IEA
The International Energy Agency expects global oil consumption to peak no sooner than 2040, leaving its long-term forecasts for supply and demand unchanged despite the 2015 Paris Climate Change Agreement Continue Reading
Carbon capture necessary, IEA says
Carbon capture and storage likely the only real way to cut emissions from power plants, the International Energy Agency says. File photo by Stephen Shaver/UPI PARIS, Nov. 15 (UPI) — Continue Reading
IEA Sees Peak Oil Demand After 2040
Global oil demand won’t stop growing before 2040 despite pledges made at the Paris climate change summit last year to cap greenhouse-gas emissions, the head of the International Energy Agency Continue Reading
IEA sees global market awash with oil in 2017 if no OPEC cut
A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. The oil market risks running another surplus in 2017 without an output cut from OPEC, as Continue Reading
IEA’s dour view sinks oil prices
Oil prices moved lower in early Thursday trading after the IEA said there may be too many factors at play to continue betting on OPEC’s production offer. Crude prices moved Continue Reading
OPEC Oil Output Expected to Remain High in November, Says IEA
OPEC’s oil production rose to record highs in October and is expected to remain elevated this month, a top industry watchdog reported Thursday, highlighting the challenge the cartel will face Continue Reading
Oil Prices Fall as IEA Reports Record OPEC Production
Oil prices fell Thursday after the International Energy Agency reported record production from Organization of the Petroleum Exporting Countries members and subdued expectations for demand growth. U.S. crude for December Continue Reading
IEA: If OPEC Doesn’t Cut, We’ll Drown In Oil
Various OPEC members have been busy looking for ways to get all members of the cartel to agree to a production cut, but outside the spotlight, as it turns out, Continue Reading