Post Tagged with: "IEA"

Oil Market Tightening: IEA Chief

Oil Market Tightening: IEA Chief

From Reuters

NEW DELHI (Reuters) – Global oil markets could tighten towards the end of this year due to strong demand and uncertainty of production in some oil producing nations, the head of the International Energy Agency said.

“Definitely there …

August 31, 2018 - 2:41 pm Closing Bell Story‎, Energy News
World’s Oil Supply “Might be Stretched to the Limit” Due to Production Losses: IEA

World’s Oil Supply “Might be Stretched to the Limit” Due to Production Losses: IEA

From Reuters

Oil prices steadied on Thursday after sharp losses the previous session as the International Energy Agency (IEA) said the world’s oil supply cushion “might be stretched to the limit” due to production losses.

Benchmark Brent crude oil LCOc1 …

IEA World Oil Demand (mb/d = Millions of Barrels per Day), Feb. 2018

World Hungers for Oil: IEA

The International Energy Agency (IEA) released a new Oil Market Report (OMR) today.

In its OMR, the IEA said countries across the globe have been steadily consuming more and more oil over the past few years.

The IEA said that …

IEA’s Birol Backtracks 2017 Rebalance Prediction

IEA’s Birol Backtracks 2017 Rebalance Prediction

Birol believes rebalance is now coming in 2H of 2018

Back in July—on the U.S.’s Independence Day—Fatih Birol, the chief of the International Energy Agency (IEA) said he believed the oil market would rebalance in the second half of 2017, …

November 28, 2017 - 5:23 pm Closing Bell Story‎, Commodity Pricing, Crude Oil News
IEA Revises Up Forecasts of Global Oil Demand Growth

IEA Revises Up Forecasts of Global Oil Demand Growth

The latest Oil Market Report by IEA suggests that the global demand growth for oil has been revised upwards to 1.6 million BOPD. This number has already included the effects of Hurricanes Irma and Harvey on the U.S. energy demand.…

Non-OPEC Supply Growth will Hold Down Prices: EIA, IEA

Non-OPEC Supply Growth will Hold Down Prices: EIA, IEA

International oil prices are contingent upon both the worldwide growth in oil production and the worldwide growth in oil inventories. Understanding the balance of these movements, and interpreting those movement is undertaken by the Energy Information Agency (EIA) and the …

RBC Examines 3 Paths to Oil Rebalance

RBC Examines 3 Paths to Oil Rebalance

U.S. crude oil stocks at this point in 2017 have dropped below the record highs of 2016. But inventories are still high. So in the face of predicted increasing oil production from shale in 2017, rebalancing inventories will be difficult, …

Natural Gas Ready for Major Gains Over the Next 25 Years: IEA

Natural Gas Ready for Major Gains Over the Next 25 Years: IEA

Lower demand for coal will make natural gas an increasingly important fuel

The International Energy Agency (IEA) released its annual World Energy Outlook Wednesday, saying natural gas will play an increasingly important role in the mix of global fuels through …

November 17, 2016 - 6:47 pm Closing Bell Story‎, Oil and Gas 360 Articles
IEA: Essentially No Oversupply in Second Half of the Year

IEA: Essentially No Oversupply in Second Half of the Year

Supply and demand beginning to cool as oversupply shrinks – IEA, OPEC weigh in

The International Energy Agency sees supply and demand coming into balance during the third quarter of the year, according to its August Oil Market Report.…

Oil Reports Cast Contradicting Shadows of Oil Market: Oil Price Falls

Oil Reports Cast Contradicting Shadows of Oil Market: Oil Price Falls

In the last two days, three reports have been released with current data and predictions for the oil market moving forward. Yesterday, the Oil Market Reports for July were released from both OPEC and IEA, as well as the crude …

Middle East Share of World Oil Production Highest since 1975: IEA

Middle East Share of World Oil Production Highest since 1975: IEA

Middle East Oil will account for Most of the World’s Demand Growth IEA Believes

An updated analysis from the International Energy Agency (IEA) has determined that the current oil price environment has boosted the share of oil produced in the …

July 8, 2016 - 2:34 pm Closing Bell Story‎, Oil and Gas 360 Articles, OPEC
Oil Surplus Smaller than Expected, but Downward Pressure on Prices Remain – IEA

Oil Surplus Smaller than Expected, but Downward Pressure on Prices Remain – IEA

Oil surplus about 40% smaller than thought a month ago

The global glut of oil is shrinking, and the oil surplus is smaller than it was believed to be a month ago, according to the IEA’s June Oil Market Report

Signs Point to Prices Bottoming Out – IEA

Signs Point to Prices Bottoming Out – IEA

Production overhang beginning to slow,  but “sustainable price recovery more likely a 2017 event”: Wells Fargo

Oil prices continued their gains today as a report from the IEA indicated that prices may have finally bottomed out, and are beginning to …

Oil Prices Up as IEA Sees Balance in 2017

Oil Prices Up as IEA Sees Balance in 2017

U.S. light tight oil production expected to fall 600 MBOPD in 2016

Oil prices are up more than 7% and 5% for WTI and Brent crude, respectively, today as news from the International Energy Agency forecasts production falling amid a …

Global Oversupply: Not as Bad as it Seems?

Global Oversupply: Not as Bad as it Seems?

Global output falling despite higher OPEC production; Wells Fargo’s Read looks for a deficit 2H2016

The International Energy Agency released its Oil Market Report for February, showing lower levels of production globally, despite higher output from members of OPEC. According

Source: BP Offshore Azerbaijan

Oil Could Go Lower: IEA

The IEA sees continued pressure on oil potentially pushing prices down furtherIEA OMR Jan Supply and Demand

In its first Oil Market Report of the year, the International Energy Agency painted a pessimistic picture for the outlook of oil prices. Even as the IEA expects …

Mexico Declares Interest to Join the IEA

Mexico Declares Interest to Join the IEA

Mexico hopes to join the IEA as it continues reforming the oil and gas sector

Mexican Secretary of Energy Pedro Joaquin Coldwell today presented International Energy Agency (IEA) Executive Director Fatih Birol with an official letter declaring Mexico’s interest in …

IEA Expects Demand Growth to Slow to 1.2 MMBOPD

IEA Expects Demand Growth to Slow to 1.2 MMBOPD

The IEA’s monthly report places demand growth down from its five-year 2015 high

The International Energy Agency (IEA) released its monthly report today, saying it expects global demand growth for oil to slow to 1.2 million barrels of oil per …

Source: Sweetcrudereport.com

EIA Lowers Short-Term Price Outlook, IEA Predicts $80 Oil in 2020

Short-term prices likely to remain low

Both the Energy Information Administration (EIA) and International Energy Agency (IEA) released their most recent pricing outlooks for the energy markets today, giving a glimpse into what two of the most widely followed energy …

IEA Sees Flattening Oil Production, Lower Demand Growth

IEA Sees Flattening Oil Production, Lower Demand Growth

Production growth nearly flat

Month-over-month production growth was nearly flat from August to September, according to the International Energy Agency’s (IEA) September Oil Market Report. World oil supply held steady near 96.6 MMBOPD as lower non-OPEC production was offset …

IEA, Citigroup Say U.S. Production Drops of up to 500 MBOPD are on the Horizon

IEA, Citigroup Say U.S. Production Drops of up to 500 MBOPD are on the Horizon

The International Energy Agency (IEA) expects non-OPEC production to drop by nearly 500 MBOPD in 2016 as a result of declining activity in the new commodity environment. The projection, made in the Agency’s Oil Market Report for September, reinforces a …

Source: Sweetcrudereport.com

The IEA’s 1.2 Million Missing Barrels of Daily Production

The IEA understates demand on average by about 700 MBOPD

The International Energy Agency’s (IEA) Oil Monthly Report (OMR) tracks the changes in the international oil and gas industry, following supply, demand and inventories, among many other things. Part of …

June 24, 2015 - 6:06 pm International, Oil and Gas 360 Articles
Source: Gassco Karsto Pipes

IEA Expects More Global Demand Growth in 2015

Demand to edge up as some production goes offline in 2015

The International Energy Agency (IEA) released its monthly Oil Market Report (OMR) for the month of June today, projecting stronger than anticipated global demand growth through 2015. Global demand …

June 11, 2015 - 5:24 pm Commodity Pricing, Oil and Gas 360 Articles
IEA Revises Down Natural Gas Demand Growth

IEA Revises Down Natural Gas Demand Growth

Weaker than expected demand in Asia prompts agency to lower future growth expectations

The International Energy Agency (IEA) revised down its expectations for natural gas global demand growth to 2% from 2.3% a year ago in it its latest Medium-Term

June 4, 2015 - 3:13 pm International, Oil and Gas 360 Articles
IEA: U.S. Oil Production Approaching a Crossroads

IEA: U.S. Oil Production Approaching a Crossroads

United States oil production and its diminishing storage capacity may lead to another drop in oil prices, according the International Energy Agency’s (IEA) Oil Market Report for March 2015. The Agency revised its oil demand outlook upward, but the increase …

Prices Jump as Production Slows – IEA

Prices Jump as Production Slows – IEA

In its monthly Oil Market Report, the IEA reported slowing production and signs of increased demand in the future

Brent crude oil rose more than $2 to reach a high of $50.36 yesterday on news from the International Energy Agency …

January 16, 2015 - 3:43 pm International, Oil and Gas 360 Articles
IEA Oil Market Report for December

IEA Oil Market Report for December

The International Energy Association (IEA) released its Oil Market Report (OMR) for December, cutting the outlook for 2015 global oil demand growth by 230 MBOPD to 900 MBOPD on lower expectations for the Former Soviet Union and other oil-exporting countries, …

December 15, 2014 - 1:24 pm International, Oil and Gas 360 Articles

Geopolitical Issues Push WTI/Brent Differential to $23

CRUDE OIL INVENTORY/’000 bbls (Week Ended 10/5/12)

Current: 366,370
Actual Build/(Withdrawal): 1,672
Economist Average Estimate: 773
Previous: 364,698

Click here for the chart with five year averages.

CRUDE OIL IN THE MEDIA

*Continental Resources says Oklahoma discovery may add 1.8