Energy consumption worldwide grew by 2.3 percent in 2018.
Read More »World can Rely on OPEC for Urgent Oil Needs
Venezuela´s oil output has long been on a downward spiral thanks to years of underinvestment and mismanagement.
Read More »Venezuela`s Oil Industry at Risk of Collapse
Rystad Energy forecasts that some operators in Venezuela will run out of naphtha by this month.
Read More »US Shale may Shake OPEC’s Commitment to Oil Production Cuts
OPEC members agreed to trim 800.000 barrels a day from October’s production levels for six months through June of this year.
Read More »US Shale Industry Expected To Dominate Supply Growth
The IEA warned that the oil industry is in danger of creating a major supply gap in the 2020s.
Read More »OPEC to be Squeezed by US Shale until Mid-2020s
The amount of crude OPEC is capable of pumping is also set to deteriorate.
Read More »Rising Demand. Climate Change are Main Policy Challenges
The IEA has long emphasized the role of China. India. and other countries in Asia in driving global natural gas demand.
Read More »IEA Launches World Energy Outlook in China
The IEA will launch its latest work on China’s Power System Reform in Beijing on 25 February.
Read More »Global Oil Supply will Swamp Demand in 2019
Venezuela’s production has almost halved in two years to 1.17 million bpd.
Read More »Chinese Economy Slowdown to Depress Global Oil Demand
Downside risks include a slowdown in global economy which would dent global crude demand.
Read More »