Gulf Times - IEA
Iran, Venezuela supply gap to dominate OPEC meet: IEA

Iran, Venezuela supply gap to dominate OPEC meet: IEA

An oil production shortfall in Iran and Venezuela may force OPEC and Russia to decide later this month to open their taps, the International Energy Agency said Wednesday.

Global oil demand picks up but still lags rising supply: IEA

Global oil demand picks up but still lags rising supply: IEA

The Paris-based IEA raised its forecast for oil demand this year to 99.3 million barrels per day (bpd), from 97.8 million bpd in 2017.

IEA sees oil market balancing out later in 2018

IEA sees oil market balancing out later in 2018

At the end of November, 24 nations that account for around 60% of the world's oil supply agreed at a meeting in Vienna to keep a lid on output for all of 2018 in order to push up prices.

Oil market moving back into balance: IEA

Oil market moving back into balance: IEA

There are signs the global oil market is returning to balance and stocks of oil products in industrialised nations could soon fall below their five-year average, the IEA said Wednesday.

QNB expects oil prices at $58 a barrel in 2018

QNB expects oil prices at $58 a barrel in 2018

QNB expects oil prices to be capped at $58 a barrel in 2018. The banking group had expected average prices for 2017 to be at $55.

World's energy system not on track to meet climate goals: IEA

World's energy system not on track to meet climate goals: IEA

Barely one tenth of renewable energy technology is ready to meet long-term climate change targets as governments have failed to adequately support large-scale deployment ...

Oil prices rebalancing after Opec deal: al-Sada

Oil prices rebalancing after Opec deal: al-Sada

Global energy markets are moving in the right direction after oil prices fell to historic lows due to oversupply, Qatar's Minister of Energy and Industry HE Dr Mohamed bin Saleh al-Sada said.

IEA says global oil market now close to balance

IEA says global oil market now close to balance

The global oil market is close to balance, after nearly three years of excess supply, as production cuts by top exporters offset a longer-term decline in demand in the richest nations, the International Energy Agency said.

Oil prices static on uncertainty over output cut

Oil prices static on uncertainty over output cut

Oil prices were little changed on Thursday as uncertainty ahead of a planned Opec-led crude production cut and thin liquidity during the US Thanksgiving holiday kept traders from making big new bets.

Global oil glut set to last at least until mid-2017: IEA

Global oil glut set to last at least until mid-2017: IEA

A global oil glut that has hurt producers but means cheaper pump prices for consumers looks set to go on at least six months longer than previously thought, the International Energy Agency said on Tuesday.

IEA sees oil markets slowly tightening after months of oversupply

IEA sees oil markets slowly tightening after months of oversupply

Oil markets will begin to tighten in the second half of 2016 but the process will be slow and painful as global demand growth declines and non-Opec supplies rebound, the International Energy Agency said on Thursday.

IEA says oil glut remains a major dampener on prices

IEA says oil glut remains a major dampener on prices

The global glut in oil is refusing to ease and acts as a major dampener on crude prices despite robust demand growth and steep declines in non-Opec production, the International Energy Agency said on Wednesday.