International Energy Agency

Recent Articles

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.
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.