IEA

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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 IEA: Russia’s oil output to reach its peak in 2020

Russia’s oil and gas condensate production will grow in the next few years, peak in the early 2020s and then begin to fall due to the sanctions and the industry’s taxation scheme, the International Energy Agency (IEA) said in an oil …

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Azerbaijan and Kazakhstan save OPEC deal

According to the IEA’s September report, non-OPEC countries fulfilled the plan to reduce production in August by 118% at the expense of Kazakhstan and Azerbaijan, the September report of the IEA said. Kazakhstan exceeded the plan …

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