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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