International Energy Agency

OPEC sees a world that still has too much oil

The oil market is tipping slowly from glut to equilibrium, as output cuts from OPEC and 11 non-OPEC countries start to reduce crude flows. It's not quite there yet. As Bloomberg reported in an article " …

IEA: freezing of oil production may be meaningless

An agreement of the largest exporters to freeze oil production will not have an impact on the market, a senior executive from the International Energy Agency (IEA), Neil Atkinson, said. He explained that only Saudi Arabia has any …