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
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.
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
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
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
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
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
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
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
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.