Tag: International Energy Agency (IEA)

• 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.

• Wednesday, October 15th 2014 - 08:16 UTC

  Oil prices hit new lows with prospects of further slide; excess supply, weak demand

  

  Global oil prices have fallen further after the International Energy Agency (IEA) reported higher output and cut its forecast for demand growth. Brent crude fell 2.72 to 86.17 dollars a barrel before seeing a slight recovery, while US crude dropped 1.75 to 83.99.

• Thursday, February 13th 2014 - 19:30 UTC

  The Golden Age of Gas, Possibly: Interview with the IEA

  

  The potential for a golden age of gas comes along with a big “if” regarding environmental and social impact. The International Energy Agency (IEA)—the “global energy authority”--believes that this age of gas can be golden, and that unconventional gas can be produced in an environmentally acceptable way.

• Tuesday, November 13th 2012 - 00:56 UTC

  US to overtake Saudis and Russia as world’s top oil producers by 2’17, says IEA

  

  The United States is forecasted to overtake Saudi Arabia and Russia as the world's top oil producer by 2017, the West's energy agency said on Monday. The International Energy Agency (IEA) said it saw a continued fall in US oil imports with North America becoming a net oil exporter by around 2030 and the United States becoming almost self-sufficient in energy by 2035.