International Energy Agency

Coronavirus Outbreak Compels IEA to Cut 2020 Estimates

A month ago, the International Energy Agency (IEA) forecast that first-quarter 2020 demand for crude oil would grow by 1 million barrels a day compared with the same period in ...
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Global Carbon Dioxide Emissions End 2-Year Rise in 2019

Between 2007 and 2019, the developed countries of the Organisation for Economic Co-operation and Development (OECD) have cut carbon dioxide emissions from 13 billion metric tons (Gt) to 11.3 Gt, ...
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Despite Threats to Iraqi Supplies, Global Oil Markets in Good Shape: IEA

The U.S. drone attack that killed Iranian Lieutenant General Qasem Soleimani sent shivers through global oil markets earlier this month. Crude prices had been climbing all through December following the ...
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IEA Does Not See Oil Supply Dropping in Q1 Despite OPEC Production Cuts

The two big stories about oil markets over the past month have been the initial public offering of Saudi Aramco and the deeper production cuts agreed to by the oil-producing ...
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Global Greenhouse Gas Emissions Won’t Peak Until After 2040

Worldwide demand for energy will continue to increase by 1% a year for the next 20 years. More than half of that demand growth will be met by expanding renewable ...
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IEA Cuts Crude Demand Growth Forecast as Supply Continues Outpacing Demand

The drone attack on Saudi Arabia's crude oil processing facilities in mid-September sent the global crude supply down by 1.5 million barrels a day to 99.3 million barrels a day, ...
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Wind Power Could Meet 1,100% of Global Electricity Demand in 2040

Wind power currently generates about 0.3% of annual global electricity demand, or 69 terawatt-hours (TWh) of the 23,000 TWh total. The technical potential for offshore wind generation is 36,000 TWh ...
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Oil Demand Hit by Trade War

The gold standard of oil price and demand forecasts is the International Energy Agency's oil markets report. In the one just issued, its experts commented that the trade war has ...
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OPEC Cuts Will Fail to Raise Demand for Oil: IEA

The world's supply of oil is returning — slowly — to balance. In the first half of 2019, supply exceeded demand by 900,000 barrels a day, but the second-quarter excess ...
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IEA Oil Demand Growth Estimate Dips

Global demand estimates for crude oil dropped by 70,000 barrels in 2018 and by 90,000 barrels a day in 2019, according to the latest Oil Market Report from the International ...
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Natural Gas Price Holds on In-Line Withdrawal Total

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stockpiles decreased by 47 billion cubic feet for the week ending March 15. Analysts were expecting a ...
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US to Lead Oil Supply Growth Over Next 5 Years

Between 2019 and 2024, global demand growth for crude oil will rise by as much as 7.1 million barrels a day. The United States will supply 70% of that growth, ...
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Outlook for 2019 Oil Market ‘Not Very Cheerful’: IEA

In its monthly Oil Market Report for January released Friday morning, the International Energy Agency (IEA) said that global crude supplies dropped by 950,000 barrels a day to total 100.6 ...
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US to Be World’s Largest Oil Producer in 2019

While other nations struggle to increase their crude production, and while some throttle back exports to drive the price of oil higher, the United States will be the largest oil ...
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IEA Wobbles on Impact of OPEC Cuts, Citing Growing US Production

In its monthly Oil Market Report for December released Thursday morning, the International Energy Agency (IEA) said that global crude supplies dropped by 360,000 barrels a day to total 101.1 ...
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