IEA

Oil market 'almost balanced' despite rising US supply: IEA

Oil market 'almost balanced' despite rising US supply: IEA

Supply and demand in the oil market are close to matching up, the IEA said on Tuesday, but rising US supply could mitigate landmark OPEC-led production cuts.

May 16, 2017, 15:29 PM IST
OPEC countries complying with agreed output cuts: IEA

OPEC countries complying with agreed output cuts: IEA

OPEC countries are largely complying with a landmark deal to reduce the global oil glut, the IEA said Friday, as it predicted that oil demand was likely to be more vigorous than anticipated this year.

Feb 10, 2017, 19:24 PM IST

Oil tumbles 3% after both IEA, OPEC see glut persisting

Oil prices fell as much as 3 percent on Tuesday after both the world`s energy watchdog and OPEC revised forecasts that signalled the global crude glut could persist for much longer than expected.

Sep 14, 2016, 03:36 AM IST
Global oil surplus to persist into first half of 2017: IEA

Global oil surplus to persist into first half of 2017: IEA

  A sharp slowdown in global oil demand growth, coupled with ballooning inventories and rising supply means the crude market will be oversupplied at least through the first six months of 2017, the International Energy Agency said on Tuesday. 

Sep 13, 2016, 14:49 PM IST
IEA cuts oil demand forecast on Brexit impact

IEA cuts oil demand forecast on Brexit impact

The IEA said Thursday it had cut its oil demand growth forecast for 2017 because of a weaker outlook for the world economy following Britain`s vote to leave the European Union.

Aug 11, 2016, 16:51 PM IST