Tag Archives: International Energy Agency (IEA)

The US decision sent oil futures surging Wednesday as traders digested the likely consequences.

U.S. output will likely rise further this year. towards or past Russia'.s 11 million bpd. as its energy firms keep drilling for more.

Despite the price adjustment. sour is still higher on the year.

IEA expects an increase in shale oil production and exports to Europe and Asia in the long term.

Gasoline stocks dropped by 3 million bbl. compared with analysts'. expectations in a Reuters poll for a 227.000-bbl drop.

A surplus in global oil inventories is also close to evaporating. OPEC said on Thursday.

OPEC and its allies were poised to extend the pact into 2019 even as a global glut of crude was set to evaporate by September.

OPEC and its allies were poised to extend the pact into 2019 even as a global glut of crude was set to evaporate by September.

Indian oil imports will grow more and more driven by transportation. petrochemicals and other sectors.

There is currently insufficient data on oil inventories in JODI’s databases.