IEA
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IEA sees slow growth in oil demand | The Express Tribune
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[ad_1] LONDON: Global oil demand growth will slow to just under a million barrels per day (bpd) this year and next, the International Energy Agency (IEA) said, as Chinese consumption contracted in the second quarter due to economic problems. Global…
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OPEC to stop using IEA data | The Express Tribune
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[ad_1] DUBAI: A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West’s energy watchdog reflected concern about US influence on the figures, sources close to the matter said, adding to strain on ties between…
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IEA cuts oil demand outlook, fears Russia supply ‘shock’
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[ad_1] A representational image. — AFP/File PARIS: The International Energy Agency (IEA) cut its world oil demand forecast for 2022 on Wednesday, warning that sanctions against Russia over its invasion of Ukraine could spark a global supply “shock”. “Faced with…
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OPEC+ faces ‘chronic’ struggle to meet output target: IEA
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[ad_1] — AFP/File PARIS: The International Energy Agency on Friday raised its forecast for world oil demand in 2022 but warned of a “chronic” failure by OPEC and its allies to meet their output targets. The 13 members of the…
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Oil prices gain after IEA says market tight | The Express Tribune
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[ad_1] LONDON: Oil prices rose on Friday after the International Energy Agency (IEA) said oil markets were tight, but were still heading for weekly losses on inflation worries and US-Iran which could boost global supplies. Brent crude futures rose $1.01,…
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IEA chief urges OPEC nations for measures to push oil prices down
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[ad_1] PARIS: The head of the International Energy Agency on Wednesday called on OPEC and its allies to take measures to help bring oil prices down to “reasonable levels”. “I very much hope to see in the next meeting or…
