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.


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.

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.

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.

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.

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.

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.

Coal in the crosshairs in Europe but fuelling emerging markets

The International Energy Agency estimated in December that coal demand will continue to grow by an average of 2.1 percent through 2019, even if this is slower than the 3.3 percent average recorded in 2010-2013.

Oil glut worsens as OPEC market-share battle just beginning - IEA

Global oil production exceeds demand by around 2 million barrels per day, or over 2%.

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.

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.

Oil set for record bear run as OPEC output grows

Oil fell below $49 a barrel on Friday and was on course for its seventh straight month of declines, the longest such bear run on record as a supply glut showed no signs of easing with OPEC increasing production in January.

Oil market rebounds, lifted by IEA report

World oil prices rebounded Friday after the International Energy Agency declared there were signs "the tide will turn" in the battered market following recent multi-year lows.

Oil sinks below $63 to lowest in over 5 years on glut, weak demand

Oil prices will likely come under further downward pressure, the International Energy Agency said as it cut its outlook for demand growth in 2015 and predicted that healthy non-OPEC supply gains were poised to aggravate the glut.

Oil price fall a "golden" chance to shift to clean energy: IEA

World leaders have a "golden opportunity" with plunging oil prices to put a price on carbon emissions since cheaper fuel makes the move less risky politically, the International Energy Agency (IEA) said on Tuesday.

Oil price slide tests unconventional oil producers - IEA

Falling crude prices are an unprecedented test for producers of unconventional oil and a golden opportunity for governments to phase out costly subsidies, the head of the International Energy Agency (IEA) said on Monday.

OPEC divided on oil output before crucial meeting

OPEC produces about one third of global crude at more than 30 million barrels per day.

Oil prices likely to fall further: IEA

The International Energy Agency (IEA) is maintaining its forecast of a weak increase in global oil demand this year, pointing out that the demand might increase slightly in 2015.

G20 mulls overhaul of global energy market: Report

An overhaul of the global energy market could be a surprise outcome of the G20 summit with plans for a new agency to protect against oil and gas supplies being used as foreign policy tools, a report said Saturday.

IEA cuts oil demand outlook on weak global growth

Falling oil prices could soon be matched by a slowing of supplies, the IEA warned Tuesday, lowering again its demand outlook because of weak growth of the global economy.