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Five Reasons Why IEA's Net-Zero Drive Needs Oil and Gas
A Texas trade group contends IEA's "net-zero" carbon emissions roadmap confirms the world will continue to rely on oil and gas.
8:00 PM EST | May 23, 2021
IEA Rejects Oil Supercycle Concerns
Oil markets aren't on the verge of a new price supercycle, the International Energy Agency said.
8:00 PM EST | March 16, 2021
Why Does CCS Matter?
Carbon capture and storage (CCS) technologies have seen a slow evolution over the years, but they continue to be viewed as essential to mitigating climate change.
7:00 PM EST | February 09, 2021
IEA Validates Saudi Output Curbs
On Tuesday, the International Energy Agency slashed forecasts for world oil demand in the first quarter.
7:00 PM EST | January 18, 2021
IEA Sees Prolonged Drag on Oil Market from Virus
The oil market will suffer a long-lasting blow from the coronavirus, with demand taking years to recover and peaking at a lower level, the IEA said.
8:00 PM EST | October 12, 2020
OPEC Downgrades Supply Forecasts
OPEC trimmed estimates for the amount of crude it will need to pump in the coming year.
8:00 PM EST | October 12, 2020
Demand Accelerates for Floating Fuels Storage
Big oil traders are rushing to book tankers with a view to storing a glut of refined petroleum.
8:00 PM EST | September 15, 2020
Friction Growing within OPEC+
The UAE almost entirely disregarded its commitment to OPEC+ production quotas last month, according to the International Energy Agency.
8:00 PM EST | September 14, 2020
What to Expect for US Crude Oil Production
The future for the US oil industry could prove much better than some currently realize.
8:00 PM EST | July 19, 2020
OPEC Projects 2021 Surge in Crude Demand
OPEC expects demand for its crude oil to rebound sharply next year.
8:00 PM EST | July 13, 2020
IEA Welcomes Return of Oil Surplus
The IEA welcomes the oil market's return to surplus.
7:00 PM EST | November 13, 2018
IEA Urges OPEC to Open Taps as Oil Markets Enter 'Red Zone'
The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output.
8:00 PM EST | October 08, 2018
IEA Warns of Higher Oil Prices as Iran and Venezuela Losses Deepen
The IEA warns that oil prices could break out above $80 a barrel unless other producers act to offset deepening supply losses in Iran and Venezuela.
8:00 PM EST | September 12, 2018
IEA: Surge In Global Oil Supply May Overtake Demand In 2018
The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.
7:00 PM EST | February 12, 2018
Shale Sends US Output Past Historic 10 Million-Barrel Mark
US oil production surged above 10 million barrels a day for the first time in four decades.
7:00 PM EST | January 30, 2018
IEA Sees Oil Markets Tightening As Venezuelan Output Collapses
Global oil markets are tightening quickly on falling supply from Venezuela, IEA says.
7:00 PM EST | January 18, 2018
IEA: US To Account For Most World Oil Output Growth Over 10 Years
The United States is expected to account for more than 80% of global oil production growth in the next 10 years, IEA says.
7:00 PM EST | November 15, 2017
IEA: China's Crude Oil Buying Spree Looks Set To Continue
China has built its crude oil stockpiles at a record pace in 2017 and inventories could hit the billion-barrel mark in six months, IEA says.
8:00 PM EST | October 11, 2017
IEA Lifts Five-Year Renewables Forecast After Record 2016
The IEA raises its forecasts for renewable energy over the next five years.
8:00 PM EST | October 03, 2017
IEA Sees Strongest Global Oil-Demand Growth in Two Years
Global oil demand will climb this year by the most since 2015, the IEA says, amid stronger-than-expected consumption in Europe and the US.
8:00 PM EST | September 12, 2017
IEA Says No Need To Release Emergency Oil Supplies Due To Harvey
The International Energy Agency says that there was no need for now to release fuel from emergency stockpiles.
8:00 PM EST | August 27, 2017
IEA Cuts Estimates for Crude Needed From OPEC in 2017, 2018
The International Energy Agency cut estimates for the amount of crude needed from OPEC this year and in 2018.
8:00 PM EST | August 10, 2017
IEA Less Confident on Oil Rebalancing as OPEC Supply Rises
The rebalancing of global oil markets has become less certain, with OPEC production rising and little evidence that bloated stockpiles are shrinking as expected, the IEA says.
8:00 PM EST | July 12, 2017
IEA: Rapid Nuclear Decommissioning Threats Climate Targets
Decommissioning nuclear plants in Europe and North America from 2020 threatens global plans to cut carbon emissions unless governments build new nuclear plants or expand the use of renewables.
8:00 PM EST | June 20, 2017
IEA: Carbon Capture Needed In Climate Change Fight
Carbon capture and storage is gradually gaining government attention after being overtaken by investment in wind and solar energy, with the IEA saying the technology will be crucial.
8:00 PM EST | June 18, 2017
IEA Says Global Oil Market Nears Balance Even As Stocks Rise
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.
8:00 PM EST | April 12, 2017
IEA's Birol: 20% Upstream Investment Needed This Year
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.
7:00 PM EST | March 05, 2017
IEA Says Record OPEC Cut Compliance Helps Oil Market Rebalance
Global oil output plunged in January as OPEC and non-OPEC producers curbed supply to accelerate a market rebalancing.
7:00 PM EST | February 09, 2017
Digital Tech in Oil, Gas Could Reduce CAPEX by 20%
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.
7:00 PM EST | January 29, 2017
IEA: Climate Policy Will Not Dampen Upstream Investment
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.
7:00 PM EST | January 29, 2017
IEA: OPEC Output Cuts Under Security As Market Tightens
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.
7:00 PM EST | January 18, 2017
IEA Sees Significant Gains in US Shale Oil as Prices Rise
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.
7:00 PM EST | January 17, 2017
IEA Says Natural Gas Could be Utilized More in Czech Rep
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.
7:00 PM EST | December 13, 2016
IEA Expects Oil Investment To Fall For Third Year In 2017
Investment in new oil production is likely to fall for a third year in 2017 as a global supply glut persists.
7:00 PM EST | November 23, 2016
IEA: Industry Entering Period of Greater Oil Price Volatility
The industry is entering a period of greater oil price volatility, according to Fatih Birol, the IEA's executive director.
7:00 PM EST | November 15, 2016
Oil Firms Seen Spending More Next Year For First Time Since 2014
The oil industry may be ready to open its wallet after two years of slashing investments.
8:00 PM EST | September 22, 2016
Gadfly: Introducing The Pre-Freeze Oil Boil Before OPEC Meets
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.
8:00 PM EST | September 18, 2016
Crude Glut Belies Risk From OPEC's Dwindling Output Cushion
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.
8:00 PM EST | September 15, 2016
China Crude Buying Seen Buoyed As Output Drop Lures Imports
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.
8:00 PM EST | September 13, 2016
IEA: Upstream Collapse Dragged Down Overall Energy Spend in 2015
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.
8:00 PM EST | September 12, 2016
Biggest Oil Traders See Another Year Of Pain As Glut Persists
The largest oil traders are anticipating little relief to what has become the worst market slump in a generation.
8:00 PM EST | September 07, 2016
Dark Clouds Loom For Oil As China Chases Blue Skies For G-20
China is throwing the world's leaders a party, and oil bulls may be hit with the hangover.
8:00 PM EST | August 22, 2016
Drop In The Ocean: India's Strategic Oil Reserves Unlikely To Stir Market
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.
8:00 PM EST | July 28, 2016
US Shale Gas Shaking Up Global Markets As LNG Trading Surges
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.
8:00 PM EST | July 27, 2016
Return Of Oil Contango Shows Market Recovery Will Be Bumpy Ride
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.
8:00 PM EST | July 11, 2016
Oil Heads For Best Quarter Since 2009 Amid Rebalancing
Oil headed for the biggest quarterly advance in seven years as falling U.S. supply added to speculation the global oversupply is easing.
8:00 PM EST | June 29, 2016
OPEC Turmoil Could Turn IEA's Balanced Market Into Shortfall
The world's most prominent oil forecaster, the International Energy Agency, anticipates near-equilibrium between supply and demand in global crude markets next year.
8:00 PM EST | June 15, 2016
At $50/B, Oil Risks 'Reverse Goldilocks' Syndrome
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.
8:00 PM EST | June 14, 2016
IEA Sees Smaller Global Oil Surplus As India Drives Demand Gains
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.
8:00 PM EST | May 11, 2016
IEA Chief Says Oil Market, Prices To Return To Balance By 2017
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.
8:00 PM EST | April 20, 2016