Tag Archives: International Energy Agency (IEA)

IEA says renewable energy could grow 25 percent faster.

Petrochemicals are one of the key blind spots in the global energy debate.

Wind energy is re-shaping the global energy mix.

SPR releases are a short-term solution but they do buy some time for OPEC countries to bring additional spare-capacity on line.

Saudi Arabia and Russia led OPEC and allied producers in agreeing to cap output starting in January 2017 to curb a glut.

Saudi Arabia lifted output by 70.000 bpd to 10.42 MMbpd last month.

The US is attempting to bring Iran’s oil sales to zero by imposing banking and transportation restrictions.

PetroChina’s domestic crude oil production dropped by 1.3 percent in the first half of 2018.

OPEC and its allies agreed in late 2016 to cut output from 2017 by around 1.8 million barrels per day (bpd) versus October 2016 levels.

The US'.s growing trade dispute with China and spats with other trading partners are likely to dampen demand growth.