International Energy Agency

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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6 Most Important Things in Business Today: Amazon Picks NYC and Virginia

According to the Washington Post, Amazon.com Inc.'s (NASDAQ: AMZN) second headquarters will be split between Crystal City Virginia and New York City. The Washington Post reports: Amazon will open major ...
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Oil Supply and Demand Reach Record 100 Million Barrels a Day

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

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

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

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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