Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.
News ID: 7449 Publish Date : 2019/11/13
US shale production is likely to stay "higher for longer", reducing the share of Opec members and Russia in the global oil supply, the IEA said in this year's World Energy Outlook (WEO).
News ID: 7431 Publish Date : 2019/11/13
Renewable power capacity is forecast to increase by 50% between 2019 and 2024, the International Energy Agency said Monday.
News ID: 6901 Publish Date : 2019/10/22
The OPEC+ group of oil producers will need to make deeper output cuts when they meet in December. That is the inescapable conclusion from the latest round of monthly reports published by the three big oil-forecasting agencies.
News ID: 6745 Publish Date : 2019/10/19
OECD commercial oil stocks are close to record levels seen during most of 2016, and are "a big insurance policy" in case of disruptive events such as the attacks on Saudi Arabia's oil infrastructure last month, the IEA said today.
News ID: 6627 Publish Date : 2019/10/11
The International Energy Agency is "significantly" concerned about geopolitical tensions, including in the Strait of Hormuz, but oil markets are currently well supplied and unlikely to see "huge price increases for now," the head of the agency said Friday.
News ID: 5330 Publish Date : 2019/07/20
The world’s appetite for natural gas grew at the fastest pace since 2010 last year, but that blockbuster growth is shifting into lower gear, according to the International Energy Agency.
News ID: 4779 Publish Date : 2019/06/09
A recent spike in electric vehicle sales in B.C. is part of a global trend that saw 5.1 million EVs sold last year, according to the International Energy Agency (IEA).
News ID: 4667 Publish Date : 2019/05/28
The three most closely watched oil market forecasters are all bracing for a significant upsurge in non-OPEC supply growth in 2019 but differ on the extent that global oil supply will outweigh demand.
News ID: 3651 Publish Date : 2019/02/17
The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group’s production cuts and US sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday.
News ID: 3616 Publish Date : 2019/02/14
A worsening of the ongoing economic slowdown in China, consumer of about half the world’s commodities, is the single biggest challenge mining and metals companies face this year, a new survey of senior executives shows.
News ID: 3315 Publish Date : 2019/01/18
Global coal demand will edge higher until 2023 as growth in India and other Asian countries offsets a decline in Europe and the United States, the International Energy Agency said Tuesday.
News ID: 2976 Publish Date : 2018/12/19
OPEC may be about to succeed by accident, again. Unplanned supply losses from members Iran and Venezuela could effectively double the intended cutback of 800,000 bpd OPEC pledged last week, according to the International Energy Agency, Bloomberg reported.
News ID: 2932 Publish Date : 2018/12/16
Waivers on Iranian sanctions granted by the United States provided some relief to oil markets but the global economy is still very fragile, the head of the International Energy Agency said on Tuesday.
News ID: 2675 Publish Date : 2018/11/21
US shale may be the darling of the oil industry now, but the boom is not going to last, according to the International Energy Agency.
News ID: 2614 Publish Date : 2018/11/15
Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday.
News ID: 2601 Publish Date : 2018/11/14
Rising global oil supplies, a weaker outlook for global oil demand growth, and a recent $15/bl decline in oil prices have combined to make a compelling argument for the Opec and non-Opec Joint Ministerial Monitoring Committee (JMMC) to recommend a return to production restraints in 2019.
News ID: 2591 Publish Date : 2018/11/11
High oil prices are hurting consumers and could also have adverse implications for producers, the executive director of the International Energy Agency said on Tuesday.
News ID: 2484 Publish Date : 2018/11/01
The world is pumping out more oil and other petroleum liquids than ever before.
News ID: 2439 Publish Date : 2018/10/14
Oil markets look “adequately supplied for now” after a big production increase in the last six months, but the industry is coming under strain, the West’s energy watchdog said on Friday.
News ID: 2427 Publish Date : 2018/10/13
