International Energy Agency
The U.S. land-based rig count rose by 13 this week, including 10 new oil rigs. A crude oil price rally held onto most of its gains for the day, but black gold is headed for another losing week.
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Higher oil prices almost certainly are around the corner, and with them, higher gasoline prices, which may trigger a global economic slowdown.
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The International Energy Agency (IEA) sees both supply of and demand for crude oil rising both this year and into 2019. Given sanctions against Iranian exports and Venezuelan production declines,...
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The amount of natural gas in U.S. storage rose by 91 billion cubic feet last week, right inline with analysts expectations. Prices had been rising sharply this week as hot weather raised demand for...
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A new report from the International Energy Agency calculates that demand for air conditioning will be a major driver of electricity demand growth over the next 30 years.
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The International Energy Agency this morning released its monthly report on the global oil market. The IEA is forecasting slightly lower demand for this year as rising prices begin to take their toll.
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The most recent IEA report on oil inventory around the world shows that levels are at a three-year low, which will compound the reason oil prices may continue to climb.
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In a new report on offshore energy production out to 2040, the International Energy Agency estimates capital spending needs to range between $4.6 and $5.9 trillion.
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In the week ended April 13, 2018, the number of land rigs drilling for oil in the United States totaled 815, according to the Baker Hughes North American Rotary Rig Count.
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The International Energy Agency expects that the OPEC production cuts will have balanced global oil markets by next month.
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The U.S. commercial crude oil inventory rose slightly less than expected last week. Gasoline and diesel fuel inventories fell, likely due to a large increase in refined products exports.
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The International Energy Agency on Friday issued its monthly oil market report for December. The agency sees supply outstripping demand in 2018. That usually means lower crude oil prices.
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The U.S. House of Representatives passed a short-term spending bill to keep the government from shut down, a new cyberattack method threatens factory operations, and other important headlines.
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Global discoveries of new oil & gas resources fell to a five-year low in 2017 according to energy consulting and research firm Rystad Energy. Spending on exploration has dropped 60% over the past...
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The U.S. land rig count fell by just 1 this week as oil rigs dropped by 4 and gas rigs added 3 to the total count of 930. A year ago the total U.S. rig count was 637.
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