Monday 30 March 2015
 
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IEA

IEA sees more oil price declines over US glut

Oil prices might have stabilised only temporarily as the global oil glut is worsening due to production in the US showing no sign of slowing, the International Energy Agency (IEA) said. The West's energy watchdog said the US m

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Oil dips 9pc on week on dollar, glut warning

Global oil prices tumbled on Friday and fell 9 per cent on the week, hit by a renewed rally in the dollar and a warning by the International Energy Agency (IEA) that the oil glut is growing. Data that showed a sharp drop in the nu

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Global emissions stall after 40 years of gains

Global emissions of carbon dioxide in the energy sector stalled in 2014, breaking steady rises over the past four decades except in years with an economic downturn, the International Energy Agency said on Friday. Emissions of carb

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Oil slips under $57 as IEA sees bigger glut

Oil fell below $57 a barrel on Friday after the International Energy Agency said a global oil glut was building and US oil production showed no signs of slowing yet. The IEA, which advises industrialised countries, said in its mon

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Higher oil forecasts hint Opec tactics are paying off

The world's three big energy agencies are forecasting higher demand for Opec's crude oil this year, a sign the producing nations' strategy to let prices fall is starting to win them back market share from rivals who are cutting outpu

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Oil supply glut abating? US crude stock build-up slows

Brent crude held steady above $56 a barrel on Wednesday, and US crude rose briefly more than $1, after a smaller than expected rise in US crude stocks were viewed by some as a sign that a supply glut was starting to abate. The gai

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Oil holds above $56 as US crude stocks edge up

Brent crude held steady above $56 a barrel on Wednesday, and US crude rose briefly more than $1, after a smaller than expected rise in US crude stocks were viewed by some as a sign that a supply glut was starting to abate. The gai

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US to top world’s oil supply growth until 2020: IEA

Brent crude oil prices remained below $58 a barrel on Tuesday as the International Energy Agency (IEA) said the US will remain the world's top source of oil supply growth until to 2020, defying expectations of a more dramatic slowdown in sha

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Global oil prices recovery to take time, says IEA

Oil prices may have further to fall and a rebound could take some time, despite increasing signs that the downtrend will end, possibly in the second half of this year as North American supply growth slows, the West's energy watchdog said.

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Oil up $2 as IEA sees signs ‘tide will turn’

Brent crude oil rose more than $2 to around $50 a barrel after the West's energy watchdog forecast the market sell-off would end, although analysts said a strong rebound soon was unlikely as global output continued to outweigh demand.

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