Tag Archives: International Energy Agency (IEA)

The IEA sees demand for OPEC oil actually declining in absolute terms over the next few years .

Soaring U.S. production is a ``risk`` to the Russian companies’ plans to keep their market share.

Companies that continue to operate offshore have particularly poured fewer dollars into wildcat exploration.

China is poised to become the top importer while the US leads output.

India follows China in terms of growth in the demand for oil.

Influence on global oil markets is also expected to rise. with U.S. oil exports more than doubling.

The OPEC cut has boosted prices. which topped $71 a barrel this year for the first time since late 2014.

On the demand side. Birol said the IEA expected growth of around 1.4 million bpd in 2018.

China will be the main driver for reshaping the energy market in the upcoming years.

Mexico was invited to become the IEA’s 30th member country in June 2017.