International Energy Agency

US Oil Rig Count Jumps 10, Crude Price Holds On to Gain

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

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

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

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

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

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

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

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

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

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

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

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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6 Most Important Things in Business Today

The U.S. House of Representatives passed a short-term spending bill to keep the government from shut down, but it hit hurdles in the Senate. According to Reuters: Legislation to stave ...
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New Oil & Gas Discoveries in 2017 at 5-Year Low

The International Energy Agency's (IEA) most recent estimate of 2017 global oil consumption is 97.7 million barrels a day, or about 37.8 billion barrels for the year. Adding in consumption ...
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US Oil Rig Count Slips, Price on Track to Close Flat for the Week

In the week ended December 15, 2017, the number of rigs drilling for oil in the United States totaled 747, down by four from the prior week and up by ...
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