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Business

Glut alert! Oil demand slowing, production still high

Oil prices were down again on Tuesday following pessimistic predictions about the growth in demand from the International Energy Agency.

Oil prices were down again on Tuesday following pessimistic predictions about the growth in demand from the International Energy Agency.

Business

IEA oil forecast brightens

The International Energy Agency is no longer so concerned about the oil market "drowning in supply" this year and says unplanned disruptions to output could help run down the global glut of crude.

The International Energy Agency is no longer so concerned about the oil market "drowning in supply" this year and says unplanned disruptions to output could help run down the global glut of crude.

Business

International Energy Agency says oil glut is poised to worsen

The International Energy Agency thinks oil prices won't rise significantly this year as declines in US output take time and OPEC is unlikely to agree with other producers to cut output.

The International Energy Agency thinks oil prices won't rise significantly this year as declines in US output take time and OPEC is unlikely to agree with other producers to cut output.

Business

IEA warns low oil prices may threaten energy security

The International Energy Agency (IEA) says the price of oil is unlikely to return to $80 a barrel (74.83 euros) before the end of the decade. This is

The International Energy Agency (IEA) says the price of oil is unlikely to return to $80 a barrel (74.83 euros) before the end of the decade. This is

Business

Global oil oversupply to persist in 2016, says IEA

The global oversupply of oil will persist through next year, according to the International Energy Agency, as growth in demand slows and

The global oversupply of oil will persist through next year, according to the International Energy Agency, as growth in demand slows and

Business

International Energy Agency report sees no quick end to oil glut

The demand for oil across the globe is growing at its fastest pace in five years. The steep rise is down to rebounding economic growth and consumers

The demand for oil across the globe is growing at its fastest pace in five years. The steep rise is down to rebounding economic growth and consumers

Business

IEA ramps up global oil demand estimates

The International Energy Authority is reporting a much bigger than expected demand for oil over 2015. It appears to strengthen the argument the

The International Energy Authority is reporting a much bigger than expected demand for oil over 2015. It appears to strengthen the argument the

Business

Oil price to hold around $55 a barrel this year says IEA

Don’t expect a big rebound in oil prices this year, or even next. That’s the opinion of the International Energy Agency. It sees benchmark Brent

Don’t expect a big rebound in oil prices this year, or even next. That’s the opinion of the International Energy Agency. It sees benchmark Brent

Business

Recovery is boosting oil demand says International Energy Agency

Global oil demand will rise more quickly than previously forecast this year as economic growth in industrialised countries accelerates, according to

Global oil demand will rise more quickly than previously forecast this year as economic growth in industrialised countries accelerates, according to

Business

'Don't rely on shale oil' warns International Energy Agency

The world faces a potential oil supply crunch and higher prices, according to the latest analysis by the International Energy Agency. The IEA said

The world faces a potential oil supply crunch and higher prices, according to the latest analysis by the International Energy Agency. The IEA said

Business

US energy self-sufficiency

The International Energy Agency cut its global oil demand forecast last week. The agency said that the downward revisions were mainly owing to

The International Energy Agency cut its global oil demand forecast last week. The agency said that the downward revisions were mainly owing to

Business

US set to lead world oil production

We won’t be using as much oil as was first thought this year or next. The International Energy Agency has trimmed its forecast for world

We won’t be using as much oil as was first thought this year or next. The International Energy Agency has trimmed its forecast for world

Business

IEA report optimistic on oil price

The price of oil could be on course for a gradual drop over the next five years according to the latest report from the International Energy

The price of oil could be on course for a gradual drop over the next five years according to the latest report from the International Energy

Business

IEA upbeat on oil prices

The International Energy Agency’s latest forecast for oil consumption growth is virtually unchanged from last month. It also says that increased

The International Energy Agency’s latest forecast for oil consumption growth is virtually unchanged from last month. It also says that increased

Business

IEA warns high oil prices may cause global slowdown

Sky-high oil prices are beginning to have an effect on demand according to the International Energy Agency. But the energy policy adviser to the

Sky-high oil prices are beginning to have an effect on demand according to the International Energy Agency. But the energy policy adviser to the

News

Japan calls for IAEA expert missions

Japan’s nuclear alert is unlikely to be another Chernobyl, according to the head of the UN’s atomic energy agency. Yukiya Amano says there are

Japan’s nuclear alert is unlikely to be another Chernobyl, according to the head of the UN’s atomic energy agency. Yukiya Amano says there are

Business

Crude prices soar on Libya contagion fears

As crude prices hit a two and a half year high on concerns the revolt in Libya could spread to other major oil producers, the International Energy

As crude prices hit a two and a half year high on concerns the revolt in Libya could spread to other major oil producers, the International Energy

Business

IEA raises oil price outlook

The International Energy Agency is forecasting that oil prices will exceed $100 a barrel in the next five years and by 2035 will exceed $200 a

The International Energy Agency is forecasting that oil prices will exceed $100 a barrel in the next five years and by 2035 will exceed $200 a

Business

World oil demand growth estimate cut

Demand will keep rising as the global economy expands but the increase in fuel consumption will be lower next year than it has been in 2010. That

Demand will keep rising as the global economy expands but the increase in fuel consumption will be lower next year than it has been in 2010. That

Business

IEA: oil supply will meet demand

Rising supplies will mostly offset higher demand for oil over the next five years according to the latest assessment by the International Energy

Rising supplies will mostly offset higher demand for oil over the next five years according to the latest assessment by the International Energy

Business

Oil demands set to soar in 2010

Global oil demands are expected to hit a record high this year according to the International Energy Agency. The body says oil consumption will

Global oil demands are expected to hit a record high this year according to the International Energy Agency. The body says oil consumption will

Business

World oil demand set to fall - IEA

World demand for oil will contract sharply this year according to the International Energy Agency The IEA, which advises industrialised nations

World demand for oil will contract sharply this year according to the International Energy Agency The IEA, which advises industrialised nations

Business

IEA forecasts oil demand increase in 2009

Demand for oil will grow in 2009 after shrinking this year according to the International Energy Agency. The prediction from the IEA is in stark

Demand for oil will grow in 2009 after shrinking this year according to the International Energy Agency. The prediction from the IEA is in stark