Tuesday 9 February 2016
 
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IEA

IEA sees global oil glut worsening

The world will store unwanted oil for most of 2016 as declines in US output take time and Opec is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said. The agency, which coo

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Iran oil exports may rise by 500,000 bpd within year after sanctions

Iran's crude oil exports could rise by half a million barrels per day within 6-12 months once sanctions against it are lifted, the International Energy Agency (IEA) said on Monday, adding to a glut that has pulled Brent prices to levels la

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IEA sees bear oil market as stocks balloon

The world is awash with oil after having built record stockpiles in recent months and slowing demand growth combined with resilient non-Opec supply could worsen the glut well into next year, the International Energy Agency (IEA) said on Friday

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Oil price to rise only gradually to $80 by 2020: IEA

Oil is unlikely to return to $80 a barrel before the end of the next decade, despite unprecedented declines in investment, as yearly demand growth struggles to top 1 million barrels per day, the International Energy Agency said on Tuesday.

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Oil edges higher but glut swells storage

Oil edged higher on Monday as investors prepared for a week of important economic indicators, but prices remained range-bound on indications that the global storage was nearing capacity. Brent, the international benchmark, was up

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Oil investment set to decline further in 2016: IEA

Oil investment in 2016 is likely to decline further after sliding this year by more than a fifth, Fatih Birol, executive director of the International Energy Agency (IEA), said on Monday. "If it comes true, this will be the f

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US prepares sanctions waivers for Iran

The US was set to issue conditional sanctions waivers for Iran on Sunday, though it cautioned they will not take effect until Tehran has curbed its nuclear programme as required under a historic nuclear deal reached in Vienna on July 14.

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Oil glut ‘to stay as demand growth slows’

A global oil supply glut will persist through 2016 as demand growth slows from a five-year high and key Opec members maintain near-record output, the International Energy Agency said, even as low prices curb supply outside the producer group.

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Oil glut to persist as demand growth slows: IEA

A global oil supply glut will persist through 2016 as demand growth slows from a five-year high and key Opec producers maintain near-record output, the International Energy Agency said on Tuesday, even as low prices curb supply outside Opec.

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Oil glut to persist as demand growth slows: IEA

A global oil supply glut will persist through 2016 as demand growth slows from a five-year high and key Opec producers maintain near-record output, the International Energy Agency said on Tuesday, even as low prices curb supply outside Opec.

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