International Energy Agency

Recent Articles

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.
IEA Sees US Oil Output Collapsing Next Year on Low Prices
Friday, September 11, 2015 Lower oil prices will force non-OPEC producers including the US to cut output by the steepest rate in more than two decades next year.
IEA Chief Birol Calls for 'Partnership' with China on First Official Trip
Wednesday, September 09, 2015 The International Energy Agency's new chief called on Wednesday for a "greater partnership" between his organization and China, the world's largest energy consumer, in his first official trip.
Hedge Fund Manager Hall Says World Market 'Not Awash in Oil'
Friday, September 04, 2015 Andy Hall, one of the best-known oil traders who's bullish on prices, says the decline in the oil market isn't a repeat of 1998 or 2008.
New IEA Boss Faces World Energy Landscape In Flux
Friday, August 28, 2015 The new head of the International Energy Agency faces dilemmas that challenge the purpose of the body set up to protect the interests of the West against the power of OPEC in the 1970s.
IEA Sees Oil Glut Persisting Despite Soaring Demand
Wednesday, August 12, 2015 World oil demand is expanding at its fastest pace in 5 years thanks to rebounding economic growth and low prices, but global oversupply will last through 2016, the IEA says.
IEA Report Suggests Global Oil Demand May Creep Up on Production
Thursday, June 11, 2015 Moderation may be on the horizon, but industry analysts say global demand may actually be understated.
IEA Sees Slower Rise in Global Gas Demand as Asian Markets Weaken
Thursday, June 04, 2015 Growth in natural gas demand will slow to an average 2 percent a year globally over the next five years, largely due to weaker than expected Asian markets, the International Energy Agency (IEA) says.
IEA: Oil Glut Worsens As OPEC Market-Share Battle Just Beginning
Wednesday, May 13, 2015 IEA warns of a global oil glut building due to Saudi Arabia pumping at near-record highs in an attempt to win a market-share battle against US shale production.
Saudi Arabia Leads OPEC Oil Boom As US Shale Growth Slows
Wednesday, April 15, 2015 OPEC production climbs by the most in almost four years as Saudi Arabia, Iraq and Libya boost output amid a stronger outlook for global oil demand, according to the IEA.
IEA Sees Renewed Pressure On Oil Prices As US Glut Worsens
Friday, March 13, 2015 Oil prices might have stabilized only temporarily as the global oil glut is worsening due to production in the US showing no sign of slowing, the IEA says.
IEA's Birol Says Middle East Militancy Poses 'Major Challenge' For Oil
Tuesday, February 17, 2015 The rise of the Islamic State (IS) in Iraq and Syria presents a major challenge for the investment necessary to prevent an oil shortage in the next decade, the IEA's top economist says.
IEA Confirms Chief Economist Birol Elected Executive Director
Friday, February 13, 2015 IEA elects Turkish economist Fatih Birol as executive director, the Paris-based agency confirms, a day after it was announced by Turkey.
IEA: US Oil Output 'Party' to Last to 2020
Tuesday, February 10, 2015 The US will remain the world's top source of oil supply growth up to 2020, even after the recent collapse in prices, the IEA says, defying expectations of a more dramatic slowdown in shale growth.
Amid US Oil Price Crash, Cost Cutting Ripples Through Industry
Friday, January 16, 2015 Any lingering doubt about the depth of the crisis facing the US energy industry is quickly evaporating.
IEA: Slow Demand, Rising Supply Put Further Pressure On Oil Price
Friday, December 12, 2014 Oil prices are likely to come under further downward pressure, IEA says, as it cuts its outlook for demand growth in 2015 and predicts healthy non-OPEC supply gains will aggravate a global oil glut.
IEA Sees New Era, No Quick Rebound In Oil Prices
Friday, November 14, 2014 The oil market has entered a new era with lower Chinese economic growth and booming US shale output, making a return soon to high prices unlikely, IEA says.
IEA: Low Oil Prices To Bite Into 2015 US Shale Growth
Tuesday, November 11, 2014 Falling oil prices may cut investment in US shale oil by 10% next year, the IEA says, slowing growth in a sector that has turned the United States to a major global producer.
Oil Price, Industry Costs Dominate Debate at SPE Amsterdam Meet
Monday, October 27, 2014 The oil price and the need for the oil and gas sector to reduce its operating costs dominate the debate at the opening session of the SPE's Annual Technical Conference and Exhibition in Amsterdam.
IEA Sees 2015 Oil Demand Growth Much Lower, Supply Hitting Prices
Tuesday, October 14, 2014 Demand for oil in 2015 will grow far slower than previously forecast as global economies remain weak, the IEA says.