Tag Archives: International Energy Agency (IEA)

For now. it does not seem likely that OPEC will emerge as a black swan to the oil market this year.

China steers toward a car industry based on NEVs. the oil trade will lose its luster.

OPEC’s cut has boosted oil prices. which in January topped $71 a barrel for the first time since 2014.

Fast-rising production from non-OPEC counties. led by the US. is likely to outweigh demand according to the IEA document.

The U.S. will add about 1 million barrels a day of new supply this year.

Asia’s demand to refine crude oil into fuel products like gasoline and diesel will average 34.5 million barrels per day (bpd) in 2018.

The comments from al-Falih were quickly met with pushback from the IEA’s top officials.

Analysts believe the shift toward electric cars will decrease oil demand.

The EIA expects the cost of natural gas for electricity generation to remain ``relatively competitive`` with coal over the next two years.

Algeria ranks third globally after China and Argentina in technically recoverable shale gas reserves.