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India follows China in terms of growth in the demand for oil.
Read More »Birol: China Drives Global Oil Demand
U.S. to Overtake Russia as Top Oil Producer by 2019
On the demand side. Birol said the IEA expected growth of around 1.4 million bpd in 2018.
Read More »China Surpasses United States as Biggest Nuclear-Energy Nation
China will be the main driver for reshaping the energy market in the upcoming years.
Read More »Mexico Becomes 30th IEA Member
Mexico was invited to become the IEA’s 30th member country in June 2017.
Read More »IEA: $65-70 Oil Could Cause Surge in U.S. Shale Production
The IEA warned that mostly due to U.S. shale. total supply growth could exceed demand growth.
Read More »Lukoil Calls for Exit from Output Deal if Oil Holds at $70
Lukoil shares rose by 5 percent to 3.880 roubles. giving the company a market capitalization of $55 billion
Read More »U.S. Shale Can’t Offset Decreased Oil Discoveries
WoodMac expects 2018 to be a third consecutive year of increase in the number of project sanctions from the 2015 low.
Read More »How Big Oil Is Transforming Shale
The IEA estimates that the wave of energy digitalization could lower the cost of production by 10 to 20 percent.
Read More »IEA Chief Sees Oil Markets Tightening toward Second Half of 2018
The global oil market could tighten towards the second half of 2018 if demand remains robust.
Read More »A World in Transformation: World Energy Outlook 2017
WEO-2017 finds it is too early to write the obituary of oil.
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