The Oil 2023 medium-term market report forecasts global oil demand will rise by 6 percent between 2022 and 2028
International Energy Agency
Latest in International Energy Agency
Crown Prince Mohammed bin Salman
Could US President Joe Biden’s visit to Saudi Arabia have a positive impact on oil prices?
Saudi Arabia and the UAE – two producers with significant spare capacity – hold about 3 million barrels a day of idle output, which amounts to approximately 3 percent of global demand
Boris Johnson
UK’s Boris Johnson discusses Ukraine crisis with Abu Dhabi, Saudi Crown Princes as oil prices edge higher on US plan to revoke Russia trade status
UK Prime Minister Boris Johnson shared optimism about Saudi Arabia raising oil outputs, after his meeting with the Saudi Crown Prince, but received no guarantees that it would occur
2050 Energy Strategy UAE
Will digitisation accelerate the transition to renewable thermal energy?
The emphasis on shifting to more sustainable, carbon-free thermal energy resources is now greater than ever to power our growth needs
Brent Crude
Oil climbs to highest peak since 2008, as Russia-Ukraine war enters Week 2
Brent crude continued its rally, jumping 5.3% to $118.86 a barrel, as trade disruption, supply chain issues, and sanctions on Russia over its war in Ukraine kept energy markets on edge
Commonwealth bank of australia
Oil extends gains as release of strategic reserves underwhelms
Focus now turns to OPEC+ and how the group will respond to the move by some of its biggest customers
energy business
Oil rallies with IEA seeing gas shortages deepening deficit
Record gas prices are boosting consumption of other fuels and could add about 500,000 barrels-a-day of oil use over the next six months, the IEA said
International Energy Agency
Brent oil extends gain as OPEC+ talks end without supply deal
Failure to reach an agreement means current production limits will remain in place for August unless talks are revived
International Energy Agency
Qatar sees gas demand peaking around 2040, much later than IEA predictions
Qatar Petroleum’s capital expenditure will total almost $60bn from 2021 to 2025, according to a bond prospectus
Global oil demand
Saudi Arabia takes bullish oil message straight to Wall Street
Saudi Energy Minister is scheduled to speak June 16 at the Robin Hood Investors Conference that brings together luminaries of the US hedge-fund industry
carbon emissions
Saudis dismiss call to end oil spending as ‘La La Land’ fantasy
The International Energy Agency stirred some passionate debate last month when it urged an end to new oil and gas investments to avert disastrous climate change
commodity trading
Oil steady near highest since 2018 with Saudis upbeat on demand
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said demand “has shown clear signs of improvement” as the alliance ratified an output boost for July
fossil fuels
Global oil demand won’t hit pre-virus level until 2023, IEA says
Fuel consumption will average just over 101 million barrels a day in 2023
C02 emissions
Video: Only few technologies available to reduce emissions to zero in key sectors
The world must accelerate its use of renewable energy sources if it is to hit zero emissions targets, according to a new report. Ahead of a major international conference on climate goals, the International Energy Agency says emissions-cutting projects that could generate tens of millions of green jobs around the world – to replace some of those lost in the current pandemic.
Crude price
Further oil shock unlikely despite regional tensions, experts say
Industry analysts say that it is unlikely that oil will return to $100 a barrel
Crude price
Oil extends gains as new Saudi minister signals cuts to continue
Prince Abdulaziz bin Salman, appointed at the weekend after the dismissal of Khalid Al-Falih, said there won’t be any radical change in the kingdom’s oil policy
crude production
OPEC output rises for first time since start of 2019 cuts
While Saudi Arabia increased production last month, the kingdom is still cutting by far more than promised in the OPEC+ deal