IEA

IEA revises oil demand forecast

Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said on Thursday, but it trimmed its forecast for the drop citing easing lockdown measures. Demand is expected to fall by 8.6 million barrels …

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IEA makes suggestions to balance oil market

Executive director of the International Energy Agency (IEA) Fatih Birol said the recent OPEC+ supply cut was a "solid start" and urged oil producer countries to consider even deeper cuts. "We continue to see …

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IEA predicts 7% growth in global oil demand y 2025

Global demand for oil will grow by 6.6 million barrels per day to 103.5 million barrels per day by 2025,  the International Energy Agency (IEA) said in an annual World Energy Outlook 2019. It will grow 9.8% to 106.4 …

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IEA: oil demand growth at lowest since 2008

Mounting signs of an economic slowdown and a ratcheting up of the U.S.-China trade war have caused global oil demand to grow at its slowest pace since the financial crisis of 2008, the International Energy Agency (IEA) said. “The …

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Iran's oil output slumps to new low

Crude production in Iran declined to 2.28 million barrels per day (mbpd) in June, according to the Oil Market Report from the International Energy Agency (IEA). The production in Iran declined by 120 thousand b/d, "hovering at a …

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IEA: oil markets to see another glut in 2020

The International Energy Agency (IEA) expects the return of an oversupplied oil market next year, despite the recent rollover of an OPEC-led pact designed to restrain any glut. The energy agency said the "main message" of …

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 IEA: Iran's oil supply drops as U.S. sanctions bite

Iran's oil production could slump to its record-low level since the 1980s due to the U.S. sanctions, according to a monthly report issued by the International Energy Agency. "Crude oil output in Iran fell 130 kb/d to 2.61 …

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Saudi Arabia oil output reaches record high

OPEC oil production climbed in November, driven by record output from Saudi Arabia, even as the group’s plan to impose fresh production curbs next month has helped to put a floor under crude prices, the International Energy Agency (IEA) …

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 IEA: oil market could be tipped into deficit

Venezuela is likely to remain the biggest risk factor among leading oil producers for some time to come, according to the latest report from the International Energy Agency (IEA). "Within the OPEC countries, the biggest risk factor …

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