International Energy Agency (IEA)

Recent Articles

Oil Heads For Best Quarter Since 2009 Amid Rebalancing
Thursday, June 30, 2016 Oil headed for the biggest quarterly advance in seven years as falling U.S. supply added to speculation the global oversupply is easing.
OPEC Turmoil Could Turn IEA's Balanced Market Into Shortfall
Thursday, June 16, 2016 The world's most prominent oil forecaster, the International Energy Agency, anticipates near-equilibrium between supply and demand in global crude markets next year.
At $50/B, Oil Risks 'Reverse Goldilocks' Syndrome
Wednesday, June 15, 2016 Oil's battle to reclaim $50 a barrel may have left it in a sticky situation, where the price is too low to lure fresh investor bulls and too high to force more production offline.
IEA Sees Smaller Global Oil Surplus As India Drives Demand Gains
Thursday, May 12, 2016 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 says.
IEA Chief Says Oil Market, Prices To Return To Balance By 2017
Thursday, April 21, 2016 IEA chief Fatih Birol says he expects the oil market to come back into balance from oversupply by next year, providing there is no major economic downturn.
IEA: OPEC, Russia Oil Output Freeze Deal May Be 'Meaningless'
Wednesday, March 23, 2016 A deal among some OPEC producers and Russia to freeze production is perhaps "meaningless" as Saudi Arabia is the only country with the ability to increase output, a senior executive from the IEA says.
Oil Leaks And Disruptions Doing The Job That Producers Won't
Wednesday, March 16, 2016 Pipeline leaks and shipping disruptions are doing more to reduce the global oil glut than producers who can't seem to agree on whether to cap output.
IEA Says Oil Prices Might have Bottomed Out
Friday, March 11, 2016 International Energy Agency believes oil prices might have bottomed as production declines in the US and other non-OPEC producers accelerate and an increase in supply from Iran has been less than dramatic.
Kemp: Where Has The Oil Gone? Missing Barrels And Market Rebalancing
Tuesday, March 08, 2016 Global oil production exceeds consumption by just over 1 billion barrels in 2014/15, according to the International Energy Agency (IEA).
IEA: Oil Prices Have Bottomed Out, But Growth Will Not Be Sharp
Tuesday, March 01, 2016 Global oil prices appear to have bottomed out and are expected to rise through this year as investment cuts help to reduce a supply glut, a senior analyst at IEA says.
Shale Fightback Seen Lifting US Oil Output To Record High By 2021
Monday, February 22, 2016 After an initial dip this year and next, US output is expected to climb to 14.2 million bpd, the IEA says in its medium-term outlook.
Drowning In Oil? IEA Revises Demand Lower, Supply Higher
Tuesday, January 19, 2016 The International Energy Agency's recasting of oil supply and demand point to volatility, inexact science of commodities.
IEA Chief: Saudi Will Act Responsibly In Market
Thursday, December 03, 2015 The head of the oil consumers' watchdog group says he believes top exporter Saudi Arabia will "act responsibly" in the market.
IEA Sees India's Oil Demand Rising to 10 MMbopd by 2040
Monday, November 30, 2015 India's oil consumption is set to reach 10 million barrels per day by 2040 due to strong growth in domestic energy demand, the International Energy Agency says in a report.
IEA Sees Southeast Asia Facing More Challenging Environment for Production
Monday, November 16, 2015 The International Energy Agency expects Southeast Asia to encounter a more challenging environment for oil and gas production in the coming decades.
Mexico Submits Request To Join IEA
Monday, November 16, 2015 Mexico submits a request to join the International Energy Agency.
IEA: Oil Price To Rise Only Gradually To $80 By 2020
Tuesday, November 10, 2015 Oil is unlikely to return to $80 a barrel before the end of 2020 despite unprecedented declines in investment, as yearly demand growth struggles to top 1 million barrels per day, according to the IEA.
Oil at $50 Is 'Gift to World' as Abu Dhabi Sees Higher Prices
Monday, October 26, 2015 Oil at $50 a barrel is a "gift to the world" as prices should be low enough to spur economic growth, according to the head of Abu Dhabi's Department of Economic Development.
IEA: Oil Glut To Persist As Global Demand Growth Slows
Tuesday, October 13, 2015 A global oil supply glut will persist through 2016 as demand growth slows from a 5-year high and key OPEC members maintain near-record output, IEA says.
Energy Importer India Apprehensive About Higher Oil Prices
Monday, October 05, 2015 India is apprehensive about potential rise in oil prices due to the record reduction in upstream investment, a development cited by the head of the International Energy Agency recently.