International Energy Agency (IEA)

Recent Articles

IEA Says Global Oil Market Nears Balance Even As Stocks Rise
Thursday, April 13, 2017 Global demand for oil is finally close to outstripping supply after nearly three years of surplus production, despite growth in the overhang of unused crude, the IEA says.
IEA's Birol: 20% Upstream Investment Needed This Year
Monday, March 06, 2017 Without significant exploration and production investment in 2017, spare oil capacity will drop to 14-year-low as demand ratchets up to meet production, Fatih Birol, IEA executive director says.
IEA Says Record OPEC Cut Compliance Helps Oil Market Rebalance
Friday, February 10, 2017 Global oil output plunged in January as OPEC and non-OPEC producers curbed supply to accelerate a market rebalancing.
Digital Tech in Oil, Gas Could Reduce CAPEX by 20%
Monday, January 30, 2017 The effective use of digital technologies in the oil and gas sector could reduce capital expenditures (CAPEX) and operational cost by 20 percent and 5 percent, respectively.
IEA: Climate Policy Will Not Dampen Upstream Investment
Monday, January 30, 2017 The emphasis on climate policy will not dampen investment in the upstream oil and gas sector, according to Fatih Birol, executive director of the International Energy Agency.
IEA: OPEC Output Cuts Under Security As Market Tightens
Thursday, January 19, 2017 World oil markets are slowly tightening as demand rises while investors wait to see if production cuts agreed by OPEC and other producers will be implemented as promised.
IEA Sees Significant Gains in US Shale Oil as Prices Rise
Wednesday, January 18, 2017 Oil-price gains will trigger a "significant" increase in US shale output as OPEC and other producers rein in supply, according to the head of the International Energy Agency.
IEA Says Natural Gas Could be Utilized More in Czech Rep
Wednesday, December 14, 2016 The International Energy Agency has praised the Czech Republic for supporting the development of robust natural gas infrastructure, but said that gas could be utilized more in the country.
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.