A worker at an oil field owned by Bashneft, Bashkortostan, Russia, in this January 28, 2015 file photo. International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil Continue Reading
International Energy Agency’s (IEA) Executive Director Fatih Birol speaks at a news conference on the sidelines of G20 Energy Ministers Meeting in Istanbul, Turkey, October 2, 2015. International Energy Agency Continue Reading
The International Energy Agency (IEA) is warning consumers not to let cheap oil lull them into a false sense of security amid forecasts of a price spike by 2021. In Continue Reading
The world’s fuel producers probably won’t curb enough oil production to realign crude supply and demand until early 2017, with the United States making up the bulk of the decline, Continue Reading
The oil industry is set to further reduce spending this year as crude prices remain low, according to the head of the International Energy Agency, signaling more pain for oil Continue Reading
The global oil surplus will be bigger than previously estimated in the first half, increasing the risk of further price losses, as OPEC members Iran and Iraq bolster production while Continue Reading
The world will store unwanted oil for most of 2016 as declines in U.S. output take time and OPEC is unlikely to cut a deal with other producers to reduce Continue Reading
Oil tankers sit anchored off the Fos-Lavera oil hub near Marseille, France, October 15, 2015. Picture taken on October 15, 2015. Unseasonably warm weather and rising supply will keep the Continue Reading
The International Energy Agency’s recasting of oil supply and demand point to volatility, inexact science of commodities. Developing countries’ growth is at its lowest rate in more than a decade. Continue Reading
The oil market “could drown in oversupply” as a rise in Iranian output offsets production cuts elsewhere, threatening a further price collapse, the world’s leading energy forecaster has said. In Continue Reading
