Friday 31 October 2014
 
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International Energy Agency

IEA says concerned about current oil prices

The International Energy Agency (IEA) is concerned about current high oil prices, but did not see the need for any release of strategic stockpiles as the market is well supplied despite supply outages in Libya, the group's head said on Tue

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IEA head says oil market sufficiently supplied

The global oil market is sufficiently supplied and there is no reason to release extra reserves now, the head of the International Energy Agency (IEA) said on Thursday. "There is no reason for action at this moment," Mar

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Gulf Opec members unlikely to boost production

Gulf oil producers are unlikely to ramp up oil production further unless demand rises, according to the Organisation of Petroleum Exporting Countries (Opec) delegates from the Gulf region. Finance ministers from the Group of Seven most

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Iran outage, high oil no justification: IEA chief

The head of the International Energy Agency (IEA) on Tuesday voiced her strongest opposition yet to a release of emergency oil stocks, risking a rift with the agency's most influential member, the US, over strategic reserves policy.

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IEA may release oil reserves in Sept

World oil consumers are poised to tap into emergency oil inventories as soon as early September after the International Energy Agency (IEA) dropped its resistance to a US-led plan, a source and an oil journal said. Just one week after i

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Global oil demand growth to plunge in 2013

Global oil demand growth will fall next year below already very weak levels of 2012 due to a slowdown in economic activity, according to the West's energy watchdog. The outlook by the International Energy Agency (IEA) echoes similar

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EU could live with abrupt Iran oil halt: IEA

The European Union could cope with an abrupt halt by Iran of its oil exports to the region as buyers of Iranian oil are already adjusting to the EU's forthcoming ban on Iranian shipments, an International Energy Agency official said on Monday.

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IEA cuts oil growth on global woes

Global oil demand will grow by less than one per cent in 2012, the International Energy Agency (IEA) said yesterday, cutting its oil growth demand forecast for a sixth consecutive month due to a weak global economy. The agency, which provi

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Opec, IEA clash over oil reserves weapon

Consumer watchdog the International Energy Agency's (IEA) emergency oil release is a desperate measure that threatens to undo two decades of co-operation with Opec and could fail to calm prices, said experts. Thursday's announcement of a 6

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IEA warns of oil price shock on global economy

High oil prices are beginning to cripple the global economic recovery and will lead to a reduction in oil demand later this year, the West's energy watchdog said on Tuesday. The International Energy Agency (IEA) also said the global oi

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