International Energy Agency

Oil prices fall for fourth day after US crude stocks rise

Oil prices fall for fourth day after US crude stocks rise

Prices remained under pressure from this week's International Energy Agency (IEA) outlook for slower growth in global crude demand.

Nov 16, 2017, 00:07 AM IST
Oil pares losses after larger draw in US stocks

Oil pares losses after larger draw in US stocks

The market was still under pressure, though, from a bearish outlook by the International Energy Agency, which lowered its forecast for oil demand for 2018.

Oct 12, 2017, 21:42 PM IST
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 glut to last until mid-2017 unless OPEC cuts output: IEA

Oil glut to last until mid-2017 unless OPEC cuts output: IEA

A massive oil glut may weigh on world markets deep into next year unless the OPEC producer cartel makes good on its promise to cut output, the International Energy Agency (IEA) said today.

Oct 11, 2016, 17:48 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
Air pollution kills six million people every year: Study

Air pollution kills six million people every year: Study

Due to such high death tolls, air pollution is now world's fourth-largest threat to human health, behind high blood pressure, dietary risks and smoking.

Jun 29, 2016, 14:10 PM IST
Global diesel demand crumbling, warns IEA

Global diesel demand crumbling, warns IEA

European demand for diesel is expected to have fallen in the first three months of 2016 for the first quarterly decline in nearly two years, the International Energy Agency reported on Thursday, the latest sign of distress in the fuel market.

Apr 14, 2016, 15:56 PM IST

Oil falls as dark clouds appear ahead of producer meeting

 Oil fell on Thursday as the International Energy Agency trimmed its forecast for demand growth and on signs that a producers` meeting this weekend will not yield a concrete plan to reduce oversupply.

Apr 14, 2016, 15:28 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

OPEC output falls despite Iran return more crude

OPEC said Monday its oil production fell in February despite member Iran steadily increasing its output after international sanctions were lifted in January following a landmark nuclear deal.

Mar 14, 2016, 23:15 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

India's energy demand will be double by 2040: Pradhan

India's energy demands will be more than double by 2040 as the economy will grow over five times its current size, Petroleum Minister Dharmendra Pradhan said Monday.

Dec 21, 2015, 20:35 PM IST

Indo-Japan N-deal to boost India's renewable energy plans: IEA

India and Japan on December 12 sealed a broad agreement for cooperation in civil nuclear energy.

Dec 18, 2015, 16:21 PM IST
Oil prices resume decline in Asia

Oil prices resume decline in Asia

US benchmark West Texas Intermediate for delivery in December was trading 47 cents lower at USD 43.74 and Brent crude for December was down 26 cents at USD 47.18.

 

Nov 11, 2015, 11:03 AM IST