International Energy Agency (IEA)

Recent Articles

IEA Expects Oil Investment To Fall For Third Year In 2017
Thursday, November 24, 2016 Investment in new oil production is likely to fall for a third year in 2017 as a global supply glut persists.
IEA: Industry Entering Period of Greater Oil Price Volatility
Wednesday, November 16, 2016 The industry is entering a period of greater oil price volatility, according to Fatih Birol, the IEA's executive director.
Oil Firms Seen Spending More Next Year For First Time Since 2014
Friday, September 23, 2016 The oil industry may be ready to open its wallet after two years of slashing investments.
Gadfly: Introducing The Pre-Freeze Oil Boil Before OPEC Meets
Monday, September 19, 2016 Most oil-market observers will be keenly aware of a meeting in Algeria later this month at which the world''s biggest producers will -- or won't -- commit to freezing their crude production.
Crude Glut Belies Risk From OPEC's Dwindling Output Cushion
Friday, September 16, 2016 As most of the world focuses on how unfettered oil production will weigh on prices, a few say a rebound is on the cards as the market starts to reflect a growing risk of shortages.
China Crude Buying Seen Buoyed As Output Drop Lures Imports
Wednesday, September 14, 2016 China's crude oil imports may rise further in the coming months as tumbling domestic output leaves refiners looking overseas for supplies, helping ease a persistent global glut.
IEA: Upstream Collapse Dragged Down Overall Energy Spend in 2015
Tuesday, September 13, 2016 The IEA's first detailed report on global energy investment shows the collapse in upstream oil and gas spending caused total investment across the global energy system to fall eight percent in 2015.
Biggest Oil Traders See Another Year Of Pain As Glut Persists
Thursday, September 08, 2016 The largest oil traders are anticipating little relief to what has become the worst market slump in a generation.
Dark Clouds Loom For Oil As China Chases Blue Skies For G-20
Tuesday, August 23, 2016 China is throwing the world's leaders a party, and oil bulls may be hit with the hangover.
Drop In The Ocean: India's Strategic Oil Reserves Unlikely To Stir Market
Friday, July 29, 2016 India's initial plan to build-up its strategic petroleum reserves (SPR) is not shaping out to be the dramatic event that some in the market had hoped could help reignite global oil demand.
US Shale Gas Shaking Up Global Markets As LNG Trading Surges
Thursday, July 28, 2016 Shale drillers from Pennsylvania to Texas flooded the U.S. with so much natural gas over the past decade that prices slid to a 17-year low. Now they're going global, with the potential to upset markets from London to Tokyo.
Return Of Oil Contango Shows Market Recovery Will Be Bumpy Ride
Tuesday, July 12, 2016 On the surface, the recovery of the global oil market is firmly in place, signaling an end to two years of oversupply and collapsing prices. However, one key indicator is warning of turbulence ahead.
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.