Iran’s oil production increased by 20,000 barrels per day (bpd) in February from January, the International Energy Agency ( IEA ) announced in its latest monthly report.
News ID: 11107 Publish Date : 2023/04/04
Oil rose as Saudi Aramco slashed its sales to key buyers and the IEA said that the market is showing signs of improving.
News ID: 9506 Publish Date : 2020/05/15
Global oil demand will fall this month to a level last seen in 1995, the IEA said today. But it did not give any clear indication that a week of diplomacy by its executive director Fatih Birol has achieved any concrete pledges of extra production reductions or purchases for strategic storage.
News ID: 9158 Publish Date : 2020/04/15
The IEA said today that global refining throughput will fall by 7.6mn b/d year-on-year in 2020, to its lowest in a decade at 74.3mn b/d, and said that product stockbuilds are inevitable.
News ID: 9152 Publish Date : 2020/04/15
Fortum, BAF, and Nornicket have signed a letter of intent to plan a recycling centre in Harjavalta, Finland to recover metals from electric car batteries. This would enable a successful “closed-loop” cycle to re-use the critical metals present in used batteries.
News ID: 8751 Publish Date : 2020/03/17
Global refining throughput will fall this year to below 2017 levels, according to the IEA . The drop comes as demand falls for transport fuels, as a result of the coronavirus outbreak.
News ID: 8654 Publish Date : 2020/03/09
Global oil inventories could increase by 700,000 b/d in the first quarter next year, despite deeper output cuts agreed last week by the Opec+ alliance of producer countries, the IEA said today in its latest Oil Market Report (OMR).
News ID: 7926 Publish Date : 2019/12/12
OPEC countries, which are meeting next week to discuss their level of oil output, should make the right decision for the global economy, which remains “very fragile”, the head of the International Energy Agency told Reuters on Tuesday.
News ID: 7578 Publish Date : 2019/11/26
The Organization of Petroleum Exporting Countries and its allies face stiffening competition in 2020, the International Energy Agency said Friday, adding urgency to the oil producer group’s policy meeting next month.
News ID: 7471 Publish Date : 2019/11/15
Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.
News ID: 7449 Publish Date : 2019/11/13
US shale production is likely to stay "higher for longer", reducing the share of Opec members and Russia in the global oil supply, the IEA said in this year's World Energy Outlook (WEO).
News ID: 7431 Publish Date : 2019/11/13
Renewable power capacity is forecast to increase by 50% between 2019 and 2024, the International Energy Agency said Monday.
News ID: 6901 Publish Date : 2019/10/22
The OPEC+ group of oil producers will need to make deeper output cuts when they meet in December. That is the inescapable conclusion from the latest round of monthly reports published by the three big oil-forecasting agencies.
News ID: 6745 Publish Date : 2019/10/19
OECD commercial oil stocks are close to record levels seen during most of 2016, and are "a big insurance policy" in case of disruptive events such as the attacks on Saudi Arabia's oil infrastructure last month, the IEA said today.
News ID: 6627 Publish Date : 2019/10/11
The International Energy Agency is "significantly" concerned about geopolitical tensions, including in the Strait of Hormuz, but oil markets are currently well supplied and unlikely to see "huge price increases for now," the head of the agency said Friday.
News ID: 5330 Publish Date : 2019/07/20
The world’s appetite for natural gas grew at the fastest pace since 2010 last year, but that blockbuster growth is shifting into lower gear, according to the International Energy Agency.
News ID: 4779 Publish Date : 2019/06/09
A recent spike in electric vehicle sales in B.C. is part of a global trend that saw 5.1 million EVs sold last year, according to the International Energy Agency ( IEA ).
News ID: 4667 Publish Date : 2019/05/28
The three most closely watched oil market forecasters are all bracing for a significant upsurge in non-OPEC supply growth in 2019 but differ on the extent that global oil supply will outweigh demand.
News ID: 3651 Publish Date : 2019/02/17
The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group’s production cuts and US sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday.
News ID: 3616 Publish Date : 2019/02/14
A worsening of the ongoing economic slowdown in China, consumer of about half the world’s commodities, is the single biggest challenge mining and metals companies face this year, a new survey of senior executives shows.
News ID: 3315 Publish Date : 2019/01/18