The International Energy Agency (IEA) has announced that it will reduce its estimate for UK oil production by 300kb/d for December in reaction to the Forties pipeline closure.
The world is witnessing “the birth of a new era” in solar power, with the technology growing faster than any other fuel in 2016, the International Energy Agency said.
A dearth of new investment in oil production is stoking a risk of tighter crude supply and unstable prices, even as demand growth is expected to slow over the next five years, according to a senior International Energy Agency official.
Oil rose as the International Energy Agency forecast the strongest demand growth in two years, while OPEC was said to discuss prolonging output cuts further into 2018.
The International Energy Agency (IEA) has said that it believes there is no need for a coordinated international oil stock release after the market disruption by Hurricane Harvey.
As Hurricane Harvey shutters Texas oil extraction, the International Energy Agency (IEA) makes clear that record US oil stocks will be made available in the event of extended power outages.
Compliance with output quotas agreed between oil producing states has hit its lowest level, the International Energy Agency said today.
Total worldwide energy investment was about $1.7 trillion in 2016 – a fall of 12% in real terms from 2015, according to the IEA’s annual World Energy Investment report.
Oil is trading near $50 again, OPEC seems to be losing its ability to influence prices and a wave of new supply is hitting the market from Texas to Libya. For some, there’s never been a better time to buy.
Oil companies are reviving investment after a two-year rout as OPEC output cuts boost prices, easing but not eliminating the risk of a future supply crunch, the International Energy Agency said.
Global oil markets are tightening according to fresh analysis from the International Energy Agency (IEA).
The chief executive of the International Energy Agency (IEA) said a re-balancing of world oil markets could occur in the first half of next year.
Investment in new oil production is likely to fall for a third year in 2017, according to the International Energy Agency (IEA).
The International Energy Agency increased its estimate of oil production from countries outside OPEC next year, citing an improved outlook for Russia.
International Energy Agency Executive Director Fatih Birol said he doesn’t buy the argument that electric cars will cause oil demand to peak.
The International Energy Agency (IEA) has raised its forecast for renewable energy growth over the next five years.
Global debt level pose a clear risk to oil demand, according to the International Energy Agency (IEA).
The oil industry may cut spending for a third straight year in 2017 as lower costs kick in and companies continue to grapple with weaker finances because of crude’s slump.
Oil dropped as the International Energy Agency changed its view on global oversupply, seeing a glut persisting into 2017.
The International Energy Agency (IEA) said oil markets will begin to tighten in the second half of the year.
An increase in global energy investment of seven per cent could prevent millions of deaths from air pollution a year by 2040, the International Energy Agency (IEA) says.
The global oil market will be almost balanced next year as demand continues to rise faster than production, while the current oversupply is much smaller than previously thought, the International Energy Agency said.
While oil markets will start re-balancing after a slump next year, an oversupply in natural gas won’t disappear until the end of the decade, the International Energy Agency said, slashing its gas demand outlook for a fourth straight year.
New liquefied natural gas (LNG) supplies are coming online just as demand growth in some major markets weakens, resulting in a major reshaping of the global gas trade in the next five years.
The global oil surplus in the first half of this year will probably be smaller than previously estimated because of robust demand in India and other emerging nations, the International Energy Agency said.