International Energy Agency

Recent Articles

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.
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.