Tag: International Energy Agency (IEA)

Saturday, March 16th 2019 - 09:21 UTC
Venezuelan continued oil fallout presents a challenge for global markets, says IEA

A major advisor to energy producing nations has suggested that the continued fallout from Venezuela could present a “challenge” for global oil markets. The International Energy Agency (IEA) has warned that crude supplies from Venezuela are at risk of falling sharply in the midst of an electricity crisis which has paralyzed the country recently.
Tuesday, November 20th 2018 - 08:43 UTC
Venezuela preparing macroeconomic data to deliver to IMF

Venezuela which is sitting on one of the world’s largest crude oil reserves but which is suffering the worst loss of oil production in history outside of war-induced outages is getting ready to share macroeconomic data with the International Monetary Fund to avoid penalties including possible exclusion from the IMF.
Tuesday, September 25th 2018 - 07:45 UTC
Oil market turbulence ahead of US sanctions on Iran; OPEC meeting does not plan to increase output

Brent crude breached US$ 81 a barrel on Monday — its highest level in nearly four years — on the back of a tightening oil market and OPEC leaders signaling they won't be immediately boosting output. Global benchmark Brent crude rose as high as US$ 81.39 a barrel, its strongest level since Nov. 21, 2014.
Wednesday, November 15th 2017 - 11:45 UTC
US cements position as the world's largest oil and gas producer

International energy markets are set for “major upheaval” as the US cements its status as the world's largest oil and gas producer, while China overtakes it as the biggest oil consumer. The predictions come from the International Energy Agency's annual energy forecast.
Tuesday, February 14th 2017 - 12:17 UTC
Petrobras credit rating raised to BB-: improved governance “compares well with those of its peers”

Credit rating agency Standard & Poor’s on Friday raised its corporate credit rating on Petrobras, one notch, from B+ to BB-. The rating change does not lift Petrobras out of the non-investment grade category, but it lowers the risk from “highly speculative” to “speculative.”
Friday, October 28th 2016 - 12:23 UTC
Renewable energy overtakes coal in electricity generation capacity; half a million solar panels installed every day

The International Energy Agency said in its latest report that last year the world's capacity to generate electricity from renewable sources has now overtaken coal, and renewable accounted for more than half of the increase in power capacity.
Wednesday, September 16th 2015 - 09:18 UTC
OPEC refuses to cut output pushing higher-cost oil producers out of the market

The monthly report from the Organization of the Petroleum Exporting Countries said a weaker outlook for China would contribute to slower global oil demand growth next year. “U.S. oil production has shown signs of slowing,” OPEC said in the report. “This could contribute to a reduction in the imbalance of oil market fundamentals, however, it remains to be seen to what extent this can be achieved in the months to come.”
Monday, August 10th 2015 - 06:46 UTC
Global oil supply more fragile than you think

Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary.
Thursday, May 14th 2015 - 08:17 UTC
Saudi Arabia continues to turn screws on U.S. Shale

Saudi Arabia continues to ratchet up production, taking market share away from U.S. shale producers. According to OPEC's latest monthly oil report, Saudi Arabia boosted its oil output to 10.31 million barrels per day in April, a slight increase over the previous month's total of 10.29 million barrels.
Monday, November 17th 2014 - 06:50 UTC
IEA says oil supplies may not keep up with demand

Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades.