International Energy Agency

Oil Supply and Demand Reach Record 100 Million Barrels a Day

Posted: October 12, 2018 at 5:30 am

The world's supply and demand of crude have reached record levels, accord to the International Energy Agency (IEA). The figures have hit 100 million barrels a day. A new IEA ...
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Global Renewable Power Generation to Rise by 1 Trillion Watts

Posted: October 8, 2018 at 9:46 am

In 2017, renewable sources generated 24% of the world's electricity. By 2023, that total will rise to almost 30% with the addition of 1 trillion watts (terawatts or TW) ...
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IEA Report: Just One Word — Petrochemicals

Posted: October 5, 2018 at 10:45 am

Demand for oil and natural gas has been growing steadily as emerging economies grow. While much of that demand goes to support transportation fuel, more of the growth going forward ...
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US Oil Rig Count Jumps 10, Crude Price Holds On to Gain

Posted: August 10, 2018 at 1:55 pm

In the week ending August 10, 2018, the number of land rigs drilling for oil in the United States totaled 869, up by 10 compared to the previous week and ...
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Oil Supplies ‘Stretched to the Limit’ Threaten Global Economy

Posted: July 12, 2018 at 6:15 am

The International Energy Agency (IEA) released its new reports on global oil supply and demand. It said that supply will be "stretched to the limit" due to a large extent ...
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Oil Market To Be ‘Finely Balanced’ in 2019: IEA

Posted: June 13, 2018 at 7:54 am

In its monthly Oil Market Report for June released Wednesday morning, the International Energy Agency (IEA) said that global crude supplies held rose by 276,000 barrels a day to lift ...
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Natural Gas Price Ticks Higher on Inventory Rise

Posted: May 24, 2018 at 11:05 am

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 91 billion cubic feet for the week ending May 18. Analysts were expecting a ...
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Demand for Electricity to Be Driven by Demand for Air Conditioning

Posted: May 18, 2018 at 8:30 am

Between now and 2050, global demand for air conditioners in buildings will rise from 1.6 billion to 5.6 billion. That means that 10 new AC units will be sold every ...
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Geopolitics Trumps Oil Market Fundamentals: IEA

Posted: May 16, 2018 at 9:05 am

In its monthly Oil Market Report for May released Wednesday morning, the International Energy Agency (IEA) said that global crude supplies held steady in April at roughly 98 million barrels ...
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Oil Inventory Drops to 3-Year Low as Crude Moves Toward $80

Posted: May 16, 2018 at 6:30 am

The International Energy Agency (IEA) released its most recent report on oil inventory around the world. It found that levels are at a three-year low. This will compound the reason ...
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Offshore Energy Investment Needs Trillions to Meet Future Demand: IEA

Posted: May 4, 2018 at 9:40 am

The International Energy Agency (IEA) released Friday morning its latest Offshore Energy Outlook, outlining the agency's current estimates of offshore energy production of oil, natural gas and wind power. Offshore ...
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US Oil Rig Count Adds 4; Crude Price Doesn’t Blink

Posted: April 13, 2018 at 1:35 pm

In the week ended April 13, 2018, the number of land rigs drilling for oil in the United States totaled 815, a gain of seven compared to the previous week ...
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Crude Oil Supply-Demand Balance in Sight: IEA

Posted: April 13, 2018 at 7:55 am

In its monthly Oil Market Report for April released Friday morning, the International Energy Agency (IEA) said that global crude supplies fell by 120,000 barrels per day in March to ...
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Crude Oil Price Cuts Loss Following Inventory Report

Posted: March 7, 2018 at 11:00 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 2.4 million barrels last week, maintaining a total ...
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Crude Oil Supply to Top Demand in 2018: IEA

Posted: January 19, 2018 at 7:50 am

In its monthly Oil Market Report for January released Friday morning, the International Energy Agency (IEA) said that global crude supplies fell by 4050,000 barrels per day in December to ...
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