Tag Archives: International Energy Agency (IEA)

Oil prices rose on Monday. although the 2018 outlook points to ample supply despite production cuts led by OPEC.

IEA expects imports increasing by over 5 per cent per year through 2022.

The two most critical forecasts of global oil markets offer contrasting visions for 2018: OPEC and IEA.

Oil markets have increased on the back of a fourth consecutive weekly fall in US crude inventories.

Excess atmospheric carbon could serve as a raw material for all sorts of products and processes.

The IEA estimates that the wave of energy digitalization could lower the cost of production by 10 to 20 percent.

Iraq is the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia.

The global oil market could tighten towards the second half of 2018 if demand remains robust.

By 2022. the U.S. is expected to account for 40 percent of the world’s extra gas production.

The increase in energy consumption will come from improved living standards and higher per capita income.