Tag Archives: International Energy Agency (IEA)

The amount of crude OPEC is capable of pumping is also set to deteriorate.

The IEA has long emphasized the role of China. India. and other countries in Asia in driving global natural gas demand.

The IEA will launch its latest work on China’s Power System Reform in Beijing on 25 February.

Venezuela’s production has almost halved in two years to 1.17 million bpd.

Downside risks include a slowdown in global economy which would dent global crude demand.

Russia has held a decades old gas supply monopoly. dating back to the end of World War II. in Europe.

The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA.

The Kingdom’s crude oil exports rose to 8.235 million barrels per day (mbd) in November from 7.7 mbd in October.

As the world’s top crude oil exporter. Saudi Arabia will not be giving away easily its crown and the geopolitical clout that comes with it.

Dudley believes the oil market is tightening up.