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Latest OPEC & International Energy Agency News

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  • IEA says sees little OECD oil demand recovery 17 Nov 2009 17:14 GMT
    ... output steady at its next meeting, the International Energy Agency (IEA) said on Tuesday. High distillate stocks in ... levels does not make any sense." The Organization of the Petroleum Exporting Countries will meet in Luanda, Angola on Dec. ...

  • OPEC to keep production levels unchanged - Kuwait 17 Nov 2009 09:12 GMT
    ... Kuwait’s oil minister said on Tuesday he expected OPEC to keep ... cartel would push for better compliance. The Organization of the Petroleum Exporting Countries, which pumps more than a third of ... slipping in recent months. Last week the IEA, which advises 28 industrialised economies, said that ...

  • Oil Scene: Uncertainty haunts the energy world 22 Nov 2009 00:53 GMT
    ... projecting their long-term incomes and expenses. OPEC (Organization of the Petroleum Exporting Countries) oil producers could lose $4 trillion in ... a deal on global warming curbs, the International Energy Agency projected earlier. “With current policies in place, ... if there is no climate change deal,” IEA Chief Economist Fatih Birol said. “If there ...

  • The bulls & bears behind oil 19 Nov 2009 00:15 GMT
    ... in the market. Major forecasters, including the Organization of the Petroleum Exporting Countries, the International Energy Agency and the U.S. government's Energy Information Administration, ... economic boom in China, which, according to IEA data, in 2003 overtook Japan to become ...

  • Oil demand to outpace supply in 2010 26 Nov 2009 00:55 GMT
    ... the rise in production from outside the Organization of the Petroleum Exporting Countries and output of natural gas liquids (NGLs) from OPEC members is seen growing by just 800,000 ... bpd. At the end of September, the International Energy Agency assessed oil stocks in the ...

  • The 2009 IEA Oil Report & World Energy Outlook 18 Nov 2009 21:57 GMT
    ... The 2009 IEA Oil Report & World Energy Outlook Is the IEA World Energy Outlook Politically Distorted? The International Energy Agency (IEA) released its annual (WEO) this week ... emphasis shifted to the unrealized potential for non-OPEC supply. When that didn't pan out, the ...

  • World oil demand growth to outpace supply in 2010 24 Nov 2009 12:54 GMT
    ... the rise in production from outside the Organization of the Petroleum Exporting Countries and output of natural gas liquids (NGLs) from Opec members is seen growing by just 800,000 ... bpd. At the end of September, the International Energy Agency assessed oil stocks in the ...

  • POLL - World oil demand growth to outpace supply in 2010 24 Nov 2009 13:51 GMT
    ... the rise in production from outside the Organization of the Petroleum Exporting Countries and output of natural gas liquids (NGLs) from OPEC members is seen growing by just 800,000 ... bpd. At the end of September, the International Energy Agency assessed oil stocks in the ...

  • IEA sees little OECD oil demand recovery 17 Nov 2009 20:54 GMT
    ... IEA sees little OECD oil demand recovery Oil demand in wealthy countries has not improved much ... patchy state of global recovery could prompt Opec to keep output steady at its next meeting, the International Energy Agency (IEA) said yesterday. High distillate stocks in ...

  • Opec says it is still too early to decide on production changes 17 Nov 2009 08:56 GMT
    ... DHABI — Organisation of Petroleum Exporting Countries (Opec) president Jose Botelho de Vasconcelos yesterday said ... be around 52 to 53 days.” The International Energy Agency (IEA) said last week that stocks of oil in Organisation for Economic Co- operation and Development countries ...

  • World oil demand growth to outpace supply in 2010: poll 24 Nov 2009 13:00 GMT
    ... the rise in production from outside the Organization of the Petroleum Exporting Countries and output of natural gas liquids (NGLs) from OPEC members is seen growing by just 800,000 ... bpd. At the end of September, the International Energy Agency assessed oil stocks in the ...

  • Kuwait says OPEC to keep production steady 17 Nov 2009 23:33 GMT
    ... Sheikh Ahmad Abdullah al-Sabah said on Tuesday OPEC will leave its production unchanged at its ... grow during the next 12 months. The International Energy Agency, which advises 28 member countries on energy policy, expects crude demand ...

  • OPEC should boost spare oil capacity to 'cash in' 17 Nov 2009 10:54 GMT
    ... The Organization of Petroleum Exporting Countries (OPEC) should continue to invest in oil production ... as low as $32.40 in December. The International Energy Agency last week cut its long-term forecast for global oil demand as the ...

  • HIgh oil price would hurt rebound - IEA 24 Nov 2009 02:34 GMT
    ... Oil prices would threaten a rebound in the global economy if they rise beyond current levels, ... curb nascent economic recovery. Oil producing group OPEC meet in December to decide on a ...

  • Rising oil price would hurt economic rebound - IEA 23 Nov 2009 22:15 GMT
    ... Oil prices would threaten a rebound in the global if they rise beyond current levels, the ... curb nascent economic recovery. Oil producing group OPEC meet in December to decide on a ...


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