Tag Archives: International Energy Agency (IEA)

Most of Iraq'.s southern fields in Basrah are operated by international oil companies.

IEA expects Iraq to add 1.2 million bpd in 10 years to reach 6 million bpd of production in 2030.

In China. the economy seems to be reacting to the government’s stimulus measures with purchasing managers.

Shell and Seaoil have announced the price changes.

Natural gas consumption increased by 170 billion cubic meters in 2018 compared to 2017.

Energy consumption worldwide grew by 2.3 percent in 2018.

Venezuela´s oil output has long been on a downward spiral thanks to years of underinvestment and mismanagement.

Rystad Energy forecasts that some operators in Venezuela will run out of naphtha by this month.

OPEC members agreed to trim 800.000 barrels a day from October’s production levels for six months through June of this year.

The IEA warned that the oil industry is in danger of creating a major supply gap in the 2020s.