IEA

IEA Is Expecting An Oil Investment Fall In 2017

IEA Is Expecting An Oil Investment Fall In 2017

No good profit is expected for the oil investment in 2017.

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Views Of Tankers & Refineries As Oil Trades Near 12-Year Low

Oil price may rebound 50% in 2016

The latest forecast indicates 50 percent rebound in oil prices by the end of 2016. The oil price could be higher by $15 per barrel this year taking the New York crude to $46 a barrel by fourth quarter and Brent to $48 during the same period. The drop in US shale output is likely to drive oil price up in the second half of 2016.

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Oil drilling rig

Oil prices under pressure amid weaker demand outlook

Crude oil prices continued to trade in low range amid sagging demand and its bleak outlook for remaining part of 2015. Speculators are withdrawing from their previous bets on rising prices. The front-month US crude futures were trading at $44.65 per barrel 12 percent lower than the peak level in October. ANZ Bank forecasts that oil price to remain under pressure for the rest of the year.

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Oil drilling

Oil price further skids on renewed global concerns

Oil prices dropped further on Friday trading following the alert from the US Central Bank that global economy is weakening. Adding to this, indications that Organization of Oil Exporting Countries (OPEC) would keep up oil production, in order to maintain its market share, also further dampened the market confidence. Equities on the US and European stock markets opened lower. The fundamentals seem to have turned bearish, fell the analysts. Oil price is expected to be $80 per barrel by 2020.

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Crude Oil

Oil slips, rally cut short by dollar and Greek worry

Crude oil prices fell on Thursday as players took profits from the past two days of gains, turning bearish after the dollar's rise against the euro on Greek debt worries weighed on demand for commodities.

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Pumpjack

Oil steadies below $67 as global glut builds L

Brent crude oil steadied below $67 a barrel on Friday after reports that a growing supply glut is boosting inventories worldwide.

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Pump jack

Oil glut worsens as OPEC market-share battle just beginning: IEA

A global oil glut is building as OPEC kingpin Saudi Arabia pumps near record highs in an attempt to win a market-share battle against stubbornly resistant U.S. shale production, the International Energy Agency (IEA) said on Wednesday.

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Iranian Crude

IEA sees sharp rise in Iran oil output in 3-5 years post nuclear deal

World oil markets will not see a significant rise in Iranian supplies for up to five years even if the OPEC member and world powers clinch a final nuclear deal by end-June, Fatih Birol chief economist and future head of International Energy Agency (IEA) said.

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Gas distribution system

Oil drops 9 percent on week on stronger dollar, glut warning

Global oil prices tumbled on Friday and fell 9 percent on the week, hit by a renewed rally in the dollar and a warning by the International Energy Agency (IEA) that the oil glut is growing.

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Crude Oil

IEA sees renewed pressure on oil prices as glut worsens

Oil prices might have stabilized only temporarily because the global oil glut is worsening and U.S. production shows no sign of slowing, the International Energy Agency said on Friday.

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Gas station

Brent holds above $56 after U.S. crude stocks rise less than expected

Brent crude held steady above $56 a barrel on Wednesday, and U.S. crude rose briefly more than $1, after a smaller-than-expected rise in U.S. crude stocks was viewed by some as a sign that a supply glut was starting to abate.

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Oilfield

U.S. oil output 'party' to last to 2020: IEA

The United States will remain the world's top source of oil supply growth up to 2020, even after the recent collapse in prices, the International Energy Agency said, defying expectations of a more dramatic slowdown in shale growth.

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Iraq Oilfield

Oil slips $1 on China economy worries, record Iraq output

Brent crude oil prices fell below $49 a barrel and U.S. crude also fell more than $1 on Monday after the global economic outlook darkened and Iraq announced record oil production.

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Gas station

Oil prices dip on gloomy Chinese, European outlook

Oil prices fell in early Asian trade on Monday, with markets expecting gloomy Chinese economic data to be published this week.

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Gas station

Oil up $2 as IEA sees signs 'tide will turn'

Brent crude oil rose more than $2 to around $50 a barrel on Friday after the West's energy watchdog forecast the market sell-off would end, although analysts said a strong rebound soon was unlikely as global output continued to outweigh demand.

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