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

Economic growth no longer translates into more greenhouse gas: IEA

Global economic growth did not translate into more harmful greenhouse gas emissions from the energy sector last year, the IEA said on Wednesday, a strong indication that growth and increased pollution no longer go hand in hand.

Mar 16, 2016, 18:11 PM IST
 IEA says oil price rout may finally be over

IEA says oil price rout may finally be over

The oil price may have finally bottomed out after an unprecedented drop over the past 18 months, the International Energy Agency (IEA) said today, noting oil's "remarkable recovery" over recent weeks

Mar 12, 2016, 01:31 AM IST

IEA says worst may be over for oil price

The oil price may have finally bottomed out after an unprecedented drop over the past 18 months, the International Energy Agency (IEA) said today, noting oil's "remarkable recovery" over recent weeks.

Mar 11, 2016, 23:44 PM IST
Oil price to start slow recovery in 2017: IEA

Oil price to start slow recovery in 2017: IEA

World oil prices are unlikely to rise from current levels before 2017, and even then their recovery will be slow as massive oil stocks feed into the market, the IEA said Monday.

Feb 22, 2016, 17:54 PM IST

IEA takes oil market bulls to the slaughterhouse

Oil prices may have rebounded off 12-year lows struck last month, but any hope for a broader recovery in the market would be misplaced, the IEA said Tuesday, noting OPEC is responsible for the latest glut of supplies on the market.

Feb 09, 2016, 19:36 PM IST

International Energy Agency sees low oil prices until 2020

Oil prices have bottomed out, are down more than 50 percent since the middle of last year.

Nov 10, 2015, 20:52 PM IST
India moving to centre stage of global energy system: IEA

India moving to centre stage of global energy system: IEA

International Energy Agency (IEA) Executive Director Fatih Birol said the organisation would like to see India and China join the grouping during its meet in Paris on November 17-18.

Oct 26, 2015, 18:10 PM IST

Oil prices could rise from mid-2016 on falling supply: IEA

At a time of uncertainty created by the precipitous fall in oil prices and oversupply, the International Energy Agency (IEA) said on Monday that prices could go up from mid-2016 with supplies tightening due to a drop in investment and falling US output.

Oct 26, 2015, 18:02 PM IST
Need $13.5 trn for full implementation of climate pledges: IEA

Need $13.5 trn for full implementation of climate pledges: IEA

The energy industry needs a strong and clear signal from the Paris Climate Summit, the IEA has said.

Oct 22, 2015, 00:04 AM IST
Need to make renewable energy system more sustainable: IEA

Need to make renewable energy system more sustainable: IEA

Countries have to work towards making their renewable energy system more secure and sustainable, even as their governments need to remove this concern that clean energy sources cannot achieve full potential, says an International Energy Agency (IEA) report.

Oct 02, 2015, 19:17 PM IST

IEA warns of 4.3C temperature jump from climate change

The International Energy Agency on Monday warned temperatures could jump by as much as 4.3 degrees Celsius by the end of the century and urged countries to improve their pledges on reducing emissions.

Jun 16, 2015, 00:05 AM IST

IEA says oil supply boost may defer market tightening

The agency raised its forecast for global oil demand growth in 2015 for a second consecutive month, citing strong pockets of consumption in Europe, India and the United States.

Apr 15, 2015, 16:04 PM IST

IEA keen to make India its full-time member

The International Energy Agency (IEA) is keen that India becomes a full-time member of the Paris-based agency that advises governments of 29 developed nations.

Apr 13, 2015, 14:24 PM IST

US oil price hits six-year low

New York oil prices sank to a six-year low on Monday, falling below $44 per barrel as the market was plagued by plentiful supplies and the strong dollar.

Mar 16, 2015, 19:49 PM IST

Rebound in oil prices built on flimsy foundations: IEA

A recent rebound in oil prices is built on flimsy foundations, the International Energy Agency warned Friday, with another sharp fall possible and few signs that cheap fuel was giving growth a real boost.

Mar 13, 2015, 15:18 PM IST