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International Energy Agency

Recent Articles

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.
IEA Chief: Oil Price Slump Yet To Hit US Shale Oil Production
Monday, October 13, 2014 The vast majority of shale oil in the US is produced at costs far below the current price of crude, IEA says, which means US projects can withstand the market slump squeezing other producers.
IEA: US Shale Squeezing Out Saudi Oil Imports, Boosting Gasoline Exports
Thursday, September 11, 2014 North America's shale oil boom has started to squeeze Saudi Arabian oil out of the US market in the same way it did with West African crude, IEA says.
IEA: Iraq's Oil Growth At Risk As Demand, For Now, Accelerates
Tuesday, June 17, 2014 Iraq's oil growth targets look increasingly at risk, the IEA says, as threats to supplies from political instability and violence grow just as demand is picking up due to a stronger global economy.
Report: Climate Rules Could Put $1.1T in Oil Investment at Risk
Thursday, May 08, 2014 Investors could spend up to $1.1 trillion over the next decade on oil projects and assets that never reach production if governments enforce measures to curb climate change, a report by Carbon Tracker Initiative says.
Fossil Fuels to Keep Dominating Energy Consumption Mix
Wednesday, February 26, 2014 Despite more than 25 years of efforts to reduce fossil fuel consumption and boost renewable energy use, fossil fuels will keep dominating the global energy consumption mix, said IEA's Fatih Birol.
Despite Shale, Middle East Remains Key to Oil Demand
Tuesday, February 25, 2014 The US shale revolution has helped reshape the global energy market, but Middle Eastern oil will remain vital for meeting future Asian energy demand, said IEA's Fatih Birol.
Robust Demand Tightening Oil Market, IEA Says
Thursday, February 13, 2014 Stronger-than-expected demand drains oil inventories to their lowest level since 2008.
IEA Sees Oil Use Rising As Global Growth Picks Up
Tuesday, January 21, 2014 Global oil demand will rise more quickly this year as economic growth in industrialized countries accelerates, absorbing more supply even as US shale oil production reaches record highs, IEA says.
Clyde Russell: China Oil Demand Growth to Miss Forecasts
Friday, December 13, 2013 Chinese oil demand this year is virtually certain to miss forecasts by the International Energy Agency and the country's top producer.
Small, Mid-Scale LNG Developments May Be A Better Fit for Southeast Asia
Wednesday, December 11, 2013 Southeast Asia's escalating gas demand may be better met by developing small and mid-scale LNG projects rather than costly large-scale developments.
Lured by Cheap Coal, Southeast Asia Turns Away from Gas
Monday, December 09, 2013 Southeast Asia's power sector will tilt away from gas to use more coal by the end of this decade, chipping away at demand for liquefied natural gas as the region of more than 600 million people tries to cut costs to meet soaring electricity needs.
IEA and Emerging Countries to Collaborate More Closely
Thursday, November 21, 2013 The IEA and six emerging economies including China and India agree to pursue stronger cooperation, the IEA says in a bid to strengthen ties with non-members whose share in global oil demand has grown rapidly.
IEA Lists Challenges Facing Southeast Asian Oil, Gas Sector to 2035
Tuesday, November 19, 2013 The International Energy Agency highlights challenges facing Southeast Asian oil and gas industry as the region gears up to cope with soaring energy demand, thanks to strong economic growth.
IEA: US To Become World's Top Oil Producer in 2015
Tuesday, November 12, 2013 The US will stride past Saudi Arabia and Russia to become the world's top oil producer in 2015, IEA said, bringing Washington closer to energy self-sufficiency and reducing the need for OPEC supply.
IEA: Rising Output, Energy Efficiency to Halve US Oil Imports by 2020
Wednesday, October 16, 2013 Rising oil and gas production and improving energy efficiency in the US can slash oil imports in half by the end of 2020 from levels seen two years ago, IEA says.
Southeast Asia's Net Oil Imports to More Than Double by 2035-IEA
Wednesday, October 02, 2013 Southeast Asia's net oil imports will more than double by 2035, costing $240 billion at today's prices, to meet strong energy demand growth to fuel the region's fast-growing economies, the International Energy Agency said on Wednesday.
IEA: Global Energy Demand to Rise in 2014
Thursday, September 12, 2013 The International Energy Agency forecasts global energy demand to rise to 1.1 million barrels per day in 2014 as supply concerns ease.
IEA Says Energy Map Must Evolve to Become Sustainable
Friday, September 06, 2013 In an effort to maintain energy efficiency, the current energy map will need to change, IEA analyst Capella Festa says.
IEA Head: Global Oil Companies Are Investing Enough
Wednesday, January 09, 2013 The global oil sector is investing enough and there is sufficient oil supply, the head of the IEA said and added that she hopes the high oil prices hampering economic recovery will fall.