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International Energy Agency News

10 May 2020

India's fuel demand nearly halves in April amid lockdown

India`s fuel demand dipped 45.8% in April from a year earlier, as a nationwide lockdown and travel curbs to combat the spread of novel coronavirus eroded economic activity.

carbon emissions

22 Mar 2018

Global carbon emissions hit record high in 2017

Energy demand rose by 0.9 percent in 2016 and 0.9 percent on average over the previous five years.

15 Nov 2017

Oil prices fall for fourth day after US crude stocks rise

Prices remained under pressure from this week's International Energy Agency (IEA) outlook for slower growth in global crude demand.

12 Oct 2017

Oil pares losses after larger draw in US stocks

The market was still under pressure, though, from a bearish outlook by the International Energy Agency, which lowered its forecast for oil demand for 2018.

16 May 2017

Oil market 'almost balanced' despite rising US supply: IEA

Supply and demand in the oil market are close to matching up, the IEA said on Tuesday, but rising US supply could mitigate landmark OPEC-led production cuts.

10 Feb 2017

OPEC countries complying with agreed output cuts: IEA

OPEC countries are largely complying with a landmark deal to reduce the global oil glut, the IEA said Friday, as it predicted that oil demand was likely to be more vigorous than anticipated this year.

International Energy Agency

11 Oct 2016

Oil glut to last until mid-2017 unless OPEC cuts output: IEA

A massive oil glut may weigh on world markets deep into next year unless the OPEC producer cartel makes good on its promise to cut output, the International Energy Agency (IEA) said today.

13 Sep 2016

Oil tumbles 3% after both IEA, OPEC see glut persisting

Oil prices fell as much as 3 percent on Tuesday after both the world`s energy watchdog and OPEC revised forecasts that signalled the global crude glut could persist for much longer than expected.

global oil demand growth

13 Sep 2016

Global oil surplus to persist into first half of 2017: IEA

A sharp slowdown in global oil demand growth, coupled with ballooning inventories and rising supply means the crude market will be oversupplied at least through the first six months of 2017, the International Energy Agency said on Tuesday.

11 Aug 2016

IEA cuts oil demand forecast on Brexit impact

The IEA said Thursday it had cut its oil demand growth forecast for 2017 because of a weaker outlook for the world economy following Britain`s vote to leave the European Union.

29 Jun 2016

Air pollution kills six million people every year: Study

Due to such high death tolls, air pollution is now world's fourth-largest threat to human health, behind high blood pressure, dietary risks and smoking.

European demand for diesel

14 Apr 2016

Global diesel demand crumbling, warns IEA

European demand for diesel is expected to have fallen in the first three months of 2016 for the first quarterly decline in nearly two years, the International Energy Agency reported on Thursday, the latest sign of distress in the fuel market.

International Energy Agency

14 Apr 2016

Oil falls as dark clouds appear ahead of producer meeting

Oil fell on Thursday as the International Energy Agency trimmed its forecast for demand growth and on signs that a producers` meeting this weekend will not yield a concrete plan to reduce oversupply.

Global economic growth

16 Mar 2016

Economic growth no longer translates into more greenhouse gas: IEA

Global economic growth did not translate into more harmful greenhouse gas emissions from the energy sector last year, the IEA said on Wednesday, a strong indication that growth and increased pollution no longer go hand in hand.

14 Mar 2016

OPEC output falls despite Iran return more crude

OPEC said Monday its oil production fell in February despite member Iran steadily increasing its output after international sanctions were lifted in January following a landmark nuclear deal.

11 Mar 2016

IEA says oil price rout may finally be over

The oil price may have finally bottomed out after an unprecedented drop over the past 18 months, the International Energy Agency (IEA) said today, noting oil's "remarkable recovery" over recent weeks

11 Mar 2016

IEA says worst may be over for oil price

The oil price may have finally bottomed out after an unprecedented drop over the past 18 months, the International Energy Agency (IEA) said today, noting oil's "remarkable recovery" over recent weeks.

22 Feb 2016

Oil price to start slow recovery in 2017: IEA

World oil prices are unlikely to rise from current levels before 2017, and even then their recovery will be slow as massive oil stocks feed into the market, the IEA said Monday.

09 Feb 2016

IEA takes oil market bulls to the slaughterhouse

Oil prices may have rebounded off 12-year lows struck last month, but any hope for a broader recovery in the market would be misplaced, the IEA said Tuesday, noting OPEC is responsible for the latest glut of supplies on the market.

India's energy demands

21 Dec 2015

India's energy demand will be double by 2040: Pradhan

India's energy demands will be more than double by 2040 as the economy will grow over five times its current size, Petroleum Minister Dharmendra Pradhan said Monday.

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