Wednesday 8 July 2015
 
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IEA

World oil demand jumps after price slump: IEA

World oil demand will rise much more than expected this year, the International Energy Agency (IEA) said, in the latest sign that the collapse in oil prices is helping to boost fuel use.   The agency in its month

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Opec supply boost may defer market tightening: IEA

World oil markets may take longer to tighten than expected due to a surge in Opec supply and a potential rise in Iranian exports, even as demand shows signs of strength, the International Energy Agency said on Wednesday. The agenc

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IEA sees sharp rise in Iran oil output in 3-5 years

World oil markets will not see a significant rise in Iranian supplies for up to five years even if the Opec member and world powers clinch a final nuclear deal by end-June, Fatih Birol chief economist and future head of International Energy Ag

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Sharp rise in Iran oil output ‘only 5 years post deal’

World oil markets will not see a significant rise in Iranian supplies for up to five years even if the Opec member and world powers clinch a final nuclear deal by end-June, Fatih Birol chief economist and future head of International Energy Agen

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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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