Tag Archive | "iea"

Oil Supply Concerns Trump Sagging Demand

Monday, January 23, 2012

Supply concerns dogging major producers have kept both Brent crude and WTI above $100 per barrel to begin the year.

IEA Move Seen as ‘Teasing,’ Not Easing

Tuesday, June 28, 2011

CNBC reports that the decision by the International Energy Agency (IEA) to release an additional oil into the market is teasing.

IEA Stockpile Release Riles OPEC

Monday, June 27, 2011

Short-term price cut may boost ailing economies, but resulting friction with the oil cartel could have long-term implications on price stability.

Oil Industry Impact from Earthquake in Japan

Monday, March 14, 2011

Spot market oil prices fell to a two-week low in New York on speculation that the worst earthquake in Japan’s history will hurt growth and reduce fuel demand in the world’s third largest economy.

Peak Oil

Monday, February 7, 2011

The increasing investment in harder-to-reach oil is often sited as a sign of oil companies' belief in the end of easy oil. Additionally, while it is widely held that increased prices catalyze an increase in production, a growing number of oil insiders are now coming to believe that production is unlikely to increase widely beyond current ranges.

Increasing Oil Production Pressures

Monday, January 24, 2011

International Energy Agency last week indicated that “three digit oil prices risk damaging” the economic recovery, offering a message that OPEC should raise output; however, OPEC responded the same day by saying that global supplies are sufficient to meet demand.

Oil Price Trends

Thursday, December 30, 2010

Oil prices have risen steadily this quarter. Benchmark crude hit a 26-month high on Monday near $92 per barrel and is forecast by some analysts to be headed to $100, driven by quantitative easing in the United States and as data supporting robust growth in India and China drive demand. Analysts believe OPEC's evident reluctance to increase output and the prospect of continued dollar weakness add to the case for costlier oil in 2011.

Oil Prices Climb on Supply Concerns and Bernanke Comments

Tuesday, June 8, 2010

Oil prices gained as much as 1 percent with analysts offering further support; expecting a decline of 1 million barrels of U.S. oil supplies from 363.2 million last week. Oil inventories have not fallen nationwide for two consecutive weeks since January.

Crude Oil dipped on grim IEA forecast

Friday, April 17, 2009

Crude oil dipped as much as US$1.07, or 2.1%, to US$51.17 per barrel in electronic trading on the New York Mercantile Exchange. For full story, click here

IEA reported cut in oil demand forecast to lowest in five years

Friday, April 10, 2009

The International Energy Agency announced that it expects global oil demand to decline by 2.4 million barrels a day this year, about the same amount that Iraq produces, as the economic crisis reduces consumption to the lowest since 2004. For full story, click here

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